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Sun Pharma Merges Taro Pharma with Subsidiary

Taro is now a private company and wholly-owned by Sun Pharma.

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By: Charlie Sternberg

Associate Editor

Sun Pharmaceutical Industries Limited has completed the merger of Taro Pharmaceutical Industries Ltd. with its subsidiary.    As part of this merger, Sun Pharma acquired all outstanding ordinary shares of Taro other than those already held by Sun Pharma or its affiliates. As a result of the merger, Taro is now a private company and wholly owned by Sun Pharma. Sun Pharma has been the majority shareholder of Taro since 2010.   Dilip Shanghvi, Chairman and Managing Director of Sun Pharma, said,...

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