Promoters increase stake in Ranbaxy Labs

Posted online: Thursday, Mar 10, 2005 at 0000 hrs
New Delhi, March 10 : The promoters of Ranbaxy Laboratories Ltd, Malvinder Mohan Singh and Shivinder Mohan Singh, have increased their stake in the company to 25.59 per cent by acquiring another 2 per cent through Ranbaxy holding company, which is under their control.

Ranbaxy Laboratories informed National Stock Exchange that Ranbaxy holding company acquired 37,19,676 shares during June 25, 2004 to march 4, 2005.Ranbaxy holding company also sold 6052 shares of Ranbaxy Labs during August 17,2004 to September 9, 2004, it added.

The mode of acquisition and sale is through open market and the shareholding of Ranbaxy holding company, after the said acquisition and sale, is 4,75,96,299 shares, it said.