Sun Pharma Climbs After Court Removes Stay on Ranbaxy Buy
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Sun Pharmaceutical Industries Ltd. gained the most in a month as an Indian court removed the stay on its $3.2 billion purchase of Ranbaxy Laboratories Ltd. after putting it on hold to study a petition alleging insider trading.
Sun shares climbed as much as 3.9 percent, headed for the biggest gain since April 9, to 607.25 rupees before trading at 599 rupees at 9:19 a.m Mumbai time. Ranbaxy gained as much as