Zydus Lifesciences Receives Rs10.85 Cr Stamp Duty Demand Notice From Gujarat Authority
India, July 29 -- Shares of Zydus Lifesciences Limited are likely to remain in focus after the company received a demand notice of Rs. 10.85 crore from the Office of the Superintendent of Stamps, Gandhinagar, Gujarat, relating to stamp duty on the acquisition of certain assets from Sterling Biotech Limited, a joint venture company. Zydus stated that it is evaluating the order and considering appropriate legal remedies.
Zydus Lifesciences Limited has a total market capitalization of approximately Rs. 1,11,970 crore. The company's shares were trading at Rs. 1,122.40 apiece, up by 2.11 percent on the stock exchange. The stock has gained 0.29 percent over the last five trading sessions and 0.10 percent over the past month. It touched a 52-we...
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