Thursday, 30 July 2015

Lincoln Pharma rises 8.5%, acquires stake in subsidiary co

The company has acquired 36.58 percent stake in its subsidiary Lincoln Parenteral. With this additional investment, the total stake in the Lincoln Parenteral shall be at 98.58 percent in the capital of the company.

Share of Lincoln Pharmaceuticals gained 8.5 percent intraday Thursday on acquisition of stake in the subsidiary company.

The company has acquired 36.58 percent stake in its subsidiary Lincoln Parenteral. With this additional investment, the total stake in the Lincoln Parenteral shall be at 98.58 percent in the capital of the company.

Lincoln Pharmaceuticals is exporting more than 45 countries along with domestic market in the more than 20 states in India.

The company has own manufacturing plant facility for tablets, capsules, ointment etc.

At 09:31 hrs Lincoln Pharmaceuticals was quoting at Rs 116.00, up Rs 5.45, or 4.93 percent. It has touched a 52-week high of Rs 119.90 on the BSE.

3 comments:

Priya Agrawal said...

Maruti Suzuki DZire attains 10 lakh cumulative sales mark this month..
MCX Bullion Tips

Allianceresearch Jabalpur said...

Sensex maintains uptrend; Midcap up 1%, Dr Reddy's gains 4%-

Cash Tips

Alisha Singh said...

Thanks for sharing this great piece of information. Do keep us update with some more great information. I found it informative and interesting. Thanks for sharing this with us.
Sgx Nifty Live