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Our Bureau

Mumbai, March 12 Shares of Fulford India moved up by more than 14 per cent on Thursday after US listed pharma companies Merck and Schering-Plough announced their merger.

Possibility of an open offer getting triggered in the Indian arm of the Schering-Plough led to the sharp rise in the stock price, said analysts.

Fulford India has indirect links to Schering-Plough by virtue of its UK-based subsidiary Dashtag holding a 54 per cent stake in Fulford India.

Fulford’s shares vaulted to a high of Rs 345 in the intra-day trade on Thursday and closed 14.30 per cent higher at Rs 331.80 as compared with its previous close.

More Stories on : Open Offers | Pharmaceuticals

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