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Sun Pharma takes steps to ease governance concerns; shares rally

Updated : January 22, 2019 03:22 PM IST

The move comes after its shares tumbled last week following media reports about a complaint by a whistleblower to regulators relating to certain transactions involving the company and an executive director.
Shares of Sun Pharma, which had a market value of $13.4 billion as of Monday's close, have shed over 24 percent since Nov. 22, around the time when corporate governance concerns began to crop up.
Sun Pharma takes steps to ease governance concerns; shares rally
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