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Leading Japanese pharmaceutical firm Daiichi Sankyo Company Ltd, will acquire majority stake in India’s largest drug maker Ranbaxy Laboratories Ltd.
The companies have announced a binding share purchase and share subscription agreement (the “SPSSA”) between Daiichi Sankyo, Ranbaxy and the Singh family, the largest and controlling shareholders of Ranbaxy (the “Sellers”) today.
Daiichi Sankyo will acquire the [...]