Tuesday, January 29, 2008

Ipca Lab acquires additional 4.65 % equity of Tonira Pharma

Ipca Laboratories (IPCA) along with Kaygee Investments Pvt Ltd (KIPL) have acquired additional 3,69,450 equity shares of Rs 10/- each representing 4.65 per cent of the paid up equity share capital of Tonira Pharma Ltd. in the price range of Rs 23.85 to Rs 24.60 per share from open market on January 28, 2008.

The company had made a public announcement to the shareholders of Tonira Pharma Ltd for acquiring 23,83,260 fully paid up equity shares of Rs 10/- each at the rate of Rs 29 per share on November 01, 2007.

With this further acquisition, Ipca's holding along with KIPL (PAC) has increased to 15,44,944 fully paid up equity shares of Tonira Pharma Ltd representing 19.45 per cent of its paid up share capital as under.

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