Shanghvi Finance raises stake in Sun Pharma

Sun Pharma promoter Shanghvi Finance bought 19.8 lakh shares of the drug maker from open market on Tuesday, according to BSE data. Shanghvi Finance held 40.2 per cent stake in Sun Pharma as of Dec quarter-end. Overall, promoter and promoter group held 54.6 per cent in Sun as of Dec. Shares of Sun Pharma ended up 6.6 per cent at Rs 393.35 on Tuesday.