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News on Sun Pharma Stocks: Sun Pharma to buy back shares worth Rs 675 cr

Sun-Pharma-StockSun Pharma on June 23 said it will buy back shares worth Rs 675 crore to return surplus funds to its shareholders.

“The Board of Directors of the company at its meeting held on June 23, 2016 approved the buyback of its fully paid up equity shares. The buyback is being undertaken by the company to return surplus funds to the equity shareholders and thereby, enhancing the overall returns to shareholders,” Sun Pharma said in a statement.

Shares of the company closed at Rs 751.70 apiece, up 1.59 percent from the previous close on BSE.

Sun Pharma Adv stock price:

On June 24, 2016, at 09:49 hrs Sun Pharma Advanced Research Company was quoting at Rs 291.00, down Rs 5.65, or 1.9 percent. The 52-week high of the share was Rs 446.84 and the 52-week low was Rs 245.10. The latest book value of the company is Rs 14.17 per share. At current value, the price-to-book value of the company was 20.54.

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