The promoters of Lupin, Desh Bandhu Gupta and associates, will sell 50 lakh shares of the company to the United States-based investment firm Newbridge Capital for Rs 252 per share, aggregating Rs 127 crore (Rs 1.27 billion).
Lupin Ltd is considering to set up its own marketing force in the United States even as the pharma major is to create a global advisory board as part of its corporate governance initiative.\n\n\n\n
The calculation excludes cross-holding of listed group cos in each other.
Three Delhi policemen have been attached to district lines after it was found that they allegedly let off a suspected Bhindranwale Tigers Force terrorist after allegedly taking money from him.
Hero MotoCorp's promoter Pawan Munjal emerged as the highest paid director.
In the US, the ratio of the CEO to average worker pay ratio was 373:1 in 2014.
Media tycoon Kalanithi Maran and his wife Kavery Kalanithi have retained the top two slots among the highly paid executives in the country.
Forbes said Prime Minister Narendra Modi's "economic experiments" barely affected India's billionaires while none gained more than oil-and-gas tycoon Mukesh Ambani, who cemented his decade-long hold on the top slot by adding a staggering USD 15.3 billion (67 per cent) to his last year's wealth to become one of Asia's top five richest.
In the Forbes rich list Mukesh Ambani is ranked 39th.
The combined networth of India's 100 wealthiest is $381 billion (nearly Rs 25.5 lakh crore), a rise of 10 per cent from $ 345 billion in 2015
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