Ranbaxy to raise stake in Zenotech Laboratories
13 Oct 2007
1
Mumbi:
Ranbaxy Laboratories Ltd (Ranbaxy) has executed definitive agreement with promoters
of Zenotech Laboratories Ltd for an increase in equity stake of Ranbaxy in Zenotech
from 7 per cent to 45 per cent.
This
involves purchase of 78,78,906 equity shares of Zenotech from the existing promoters
held by Dr Jayaram Chigurupati and issue of 54,89,536 equity shares to Ranbaxy
by Zenotech on preferential allotment basis, Zenotch informed the BSE.
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