www.fdanews.com/articles/70679-sun-set-to-acquire-full-control-of-mj-pharma
Sun Set to Acquire Full Control of MJ Pharma
April 5, 2005
The Vadodara based specialty
drug manufacturer Sun Pharmaceutical Industries Ltd has decided to merge the
pharmaceutical business of MJ Pharmaceuticals Ltd based at Halol near Vadodara,
into itself. Sun has not divulged the financial details of the deal. A Sun Pharma
company spokesperson said, "The decision has been taken to take over the
remaining part of MJ Pharma and to transfer the ownership of plant and machinery
to Sun Pharma. Since the year 2000, Sun Pharma owns 100 per cent stake in MJ
Pharma's land and buildings. The latest move will enable the company to take
control of MJ Pharma's manufacturing plant and machinery also."
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Pharma