MUMBAI: Japanese company Daiichi Sankyo’s 20% open offer for the
Ranbaxy shareholders was fully subscribed. Although details of the
offer, which Daiichi launched after announcing its intent to acquire
the entire 34.8% stake from Ranbaxy promoters were not available, it
is learnt to have garnered more-than-required response.

LIC is learnt to have tendered its entire 15% stake to the offer which
closed on Thursday.


N.Sukumar
Research Analyst
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