Ranbaxy scrip tanks on US action

posted by   asha (57)   1 month ago (business-standard.com)

Daiichi says open offer on track for August 7. ??Ranbaxy Laboratories, India's largest pharmaceutical company, had its biggest fall in seven years on the Bombay Stock Exchange on concern that Japan's Daiichi Sankyo may scrap its June 11 announcement to buy the promoter's 38 per cent stake after the US government filed a suit against the company on charges of forging data.