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Sun Pharmaceutical Industries Forms New Wholly-Owned Subsidiary in US; Shares Down 4%

-- Sun Pharmaceutical Industries (NSE:SUNPHARMA, BOM:524715) has incorporated a new wholly-owned subsidiary company in the US named "Sun Pharma America, Inc." according to a Friday filing to the Indian stock exchanges.

The new subsidiary has been formed as part of the company's internal group structuring.

The company's shares were down nearly 4% n recent trade.

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