Natco Pharma Gains on Sale of Non-Core Business in US
Thursday, March 31, 2016
Shares of Natco Pharma were up 4% at Rs 415 on the Bombay Stock Exchange on plans to sell-off its non-core business.
The company in a release said, the board of directors at its meeting held on March 30, 2016 approved the sale of Save Mart Pharmacy Stores located in USA which is non-core business.
The Save Mart Pharmacy Stores is being owned by Natco Pharma Inc., a wholly-owned subsidiary of the company, the release added.
The stock opened at Rs 405 and touched a high of Rs 425. At 12:25pm, over 1.48 million shares were traded on both the stock exchanges.
Source : business-standard.com
