Japanese drug maker Daiichi Sankyo's open offer to acquire an additional 20 per cent stake in Ranbaxy Laboratories ended on Thursday.
Ranbaxy's shares rose by 0.65 per cent on Thursday to close at Rs 493.55 a share, below the offer price of Rs 737 a share.
Two days ago, it had been reported that institutional investors Life Insurance Corporation and General Insurance Corporation, which between them hold 16.43 per cent in Ranbaxy, offered to sell their stake.
In June, Daiichi Sankyo entered into a deal with Ranbaxy to acquire the 34.8
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