Jan 27, 2014, 06.44 PM IST
"The company has recently completed portfolio and strategy review of its business and has decided to exit from its business in Japan, which is through 100 per cent subsidiary company," Cadila Healthcare Ltd said in a filing to the BSE.
Tags Cadila Healthcare, Japan, US, Europe, Japan, Brazil, emerging markets
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Cadila Healthcare to exit Japanese business
"The company has recently completed portfolio and strategy review of its business and has decided to exit from its business in Japan, which is through 100 per cent subsidiary company," Cadila Healthcare Ltd said in a filing to the BSE.
Like this story, share it with millions of investors on M3
Cadila Healthcare to exit Japanese business
"The company has recently completed portfolio and strategy review of its business and has decided to exit from its business in Japan, which is through 100 per cent subsidiary company," Cadila Healthcare Ltd said in a filing to the BSE.
"The company has recently completed portfolio and strategy review of its business and has decided to exit from its business in Japan, which is through 100 percent subsidiary company," Cadila Healthcare Ltd said in a filing to the BSE.
Also read: Inflationary concerns to keep margins under pressure: Dabur
The Ahmedabad-based firm has operations spread across the US, Europe, Japan, Brazil, South Africa and 25 other emerging markets.
Shares of Cadila Healthcare today closed at Rs 819 apiece on the BSE, down 2.24 percent from its previous close.
Cadila Health stock price
On January 27, 2014, Cadila Healthcare closed at Rs 820.55, down Rs 17.2, or 2.05 percent. The 52-week high of the share was Rs 924.60 and the 52-week low was Rs 631.00.
The company's trailing 12-month (TTM) EPS was at Rs 34.58 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 23.73. The latest book value of the company is Rs 142.20 per share. At current value, the price-to-book value of the company is 5.77.
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