Solara Active Pharma Sciences Limited to acquire balance 10.77% stake in Sequent Penems Pvt Ltd

The Board of Solara Active Pharma Sciences Limited at its meeting held today (February 3, 2021) has approved to acquire additional share capital in Sequent Penems Private Limited (SPPL), subsidiary company of Solara.

Currently Solara holds 89.23% of SPPL and it is proposed to acquire remaining 10.77% to make it as a wholly owned subsidiary.

Shares of Solara Active Pharma Sciences Ltd was last trading in BSE at Rs.1458.15 as compared to the previous close of Rs. 1494.25. The total number of shares traded during the day was 14280 in over 1617 trades.

The stock hit an intraday high of Rs. 1533.55 and intraday low of 1429.25. The net turnover during the day was Rs. 21219290.

Source : Equity Bulls

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