Seeking the support of its shareholders, Taro chairman and managing director Barrie Levitt said, "We believe that Sun may now attempt to seize the control of your company by waging a proxy fight to gain control of the Taro board."
Sun Pharma's share price jumped 5.62 per cent on the Bombay Stock Exchange after it gained a new ally in its legal battle to acquire Israel's Taro Pharmaceuticals with minority investor Templeton Asset Management switching sides to support Sun's bid.
The French move assumes significance as it comes close on the heels of conclusion of Indo-US civilian nuclear deal.
Tamilselvanum Thaniyar Anjalum or Thirunaal, what's your pick?
On September 20, actress and UN Women's Goodwill Ambassador Emma Watson launched HeForShe, a campaign to fight gender inequality around the world. In an amazing speech that made major waves across the Internet, she asked men everywhere to join the feminist cause, too-and many have answered.
There's no silver bullet to get rid of poverty, says Alok Sheel.
Happy 60th Birthday, Bruce Willis.
Sin City 2 doesn't quite illicit the same response as the film film, says Paloma Sharma.
On Back To The Future Day, Raja Sen lists his favourite movies on time travel.
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