Comments
Shares of Parenteral Drugs India Ltd hit a 52-week high as the company announced that its wholly owned subsidiary, Goa Formulations Ltd, has signed a binding agreement to sell its pharma unit for a consideration of Rs 200 crore.
In a statement to the stock exchanges, Parenteral Drugs said that its subsidiary has signed a binding deal with Fresenius Kabi India Pvt Ltd to hive off its pharmaceutical manufacturing unit in Goa for Rs 200 crore and the parent company has given its approval.
The scrip touched a new 52-week high of Rs 130.55, before retracing to Rs 129.80, a gain of Rs 11.10 or 9.35 per cent. The trading volume was about 17,500 shares on the BSE.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.