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Wockhardt sells German unit for nearly Rs 120cr; stk up

This article was posted on Jun 18, 2009 and is filed under Stock News

Wockhardt touched an intraday high of Rs 138 and an intraday low of Rs 132.50. At 10:01 am, the share was quoting at Rs 135, up Rs 4.55, or 3.49% on the NSE.

The company has sold its German unit to Mova Pharma for nearly Rs 120 crore, reports CNBC-TV18.

It was trading with volumes of 69,997 shares. Yesterday the share closed down 8.23% or Rs 11.70 at Rs 130.45.

source: Moneycontrol

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