India: Elder Pharma surges 16% as company considers sale of overseas unit

India: Elder Pharma surges 16% as company considers sale of overseas unit

The stock touched a high of Rs117 in trades on Thursday morning; has gained over 42% since 8 September. Image sourced from Elder India website

Shares of Elder Pharmaceuticals Ltd rose as much as 16.4% after the company said in a notice to BSE that its board will meet on 28 September to consider selling its overseas arm.

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