Tata Steel to Acquire 50 01% Stake in Thriveni Pellets for 636 Crore

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Zydus Lifesciences Ltd on Tuesday, March 11, said that its board of directors has approved an acquisition of 85.6% equity stake in Amplitude Surgical SA, France. While the stock has seen short-term weakness, its strong long-term returns and continued focus on innovation and global markets support its long-term outlook. LIC’s move to raise its stake above 5% reflects long-term confidence in Sun Pharma’s business and growth prospects. Adjusted profit, excluding exceptional items, increased 4.1% to ₹6,114.1 crore.

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He added that US sales from innovative medicines crossed generics for the first time, and the company remains focused on expanding its product portfolio and strengthening execution. Commenting on the performance, Managing Director Kirti Ganorkar said that growth was led by India, emerging markets, and other global regions. LIC bought 2,02,500 shares of Sun Pharma from the open market on January 13.

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