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Indian bourses' nod for Sun Pharma-Ranbaxy deal

Indian bourses' nod for Sun Pharma-Ranbaxy deal
The $4-billion merger of Ranbaxy Labs with Sun Pharmaceutical has got clearance from the two leading stock exchanges – Bombay Stock Exchange and National Stock Exchange. The 'no-objection' from the two exchanges would allow the two companies to file their scheme of amalgamation with the high court for further clearance of the deal and marks one of the numerous regulatory approvals that Sun Pharma and Ranbaxy need to consummate for the transaction. The deal had separately come under ...
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