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LUPIN - Lupin News Story

₹1221 24.5  2.0%

Last Trade - 6:15am

Sector
Healthcare
Size
Large Cap
Market Cap £5.31bn
Enterprise Value £5.52bn
Revenue £1.49bn
Position in Universe 81st / 3107

BRIEF-Lupin To Sell Entire Stake In Kyowa Pharmaceutical Industry

Mon 11th November, 2019 12:22pm
Nov 11 (Reuters) - Lupin Ltd  LUPN.NS :
    * APPROVED DIVESTMENT OF ITS ENTIRE EQUITY INTEREST
(REPRESENTING
99.82% OF ISSUED AND PAID UP CAPITAL) IN KYOWA PHARMACEUTICAL
INDUSTRY
    * DEAL FOR 57.26 BILLION YEN
    * SELLING STAKE IN KYOWA TO JAPANESE PE FIRM UNISON
    * POST TRANSACTION, CO'S NET DEBT WILL STAND AT 11.29
BILLION
RUPEES VERSUS 43.62 BILLION RUPEES AS ON SEPT 30, 2019
    * POST TRANSACTION, NET DEBT TO EQUITY RATIO SHALL IMPROVE
TO 0.08
VERSUS 0.32 AS ON SEPT 30, 2019

Source text for Eikon:  ID:nBSE5JdswQ 
Further company coverage:  LUPN.NS 

 ((Reuters.Briefs@thomsonreuters.com;))
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