Business Today

The Ranbaxy Saga

With the Delhi High Court's verdict, Daiichi Sankyo has scored a victory against former Ranbaxy promoters. But it won't end there.

In a body blow to former Ranbaxy promoters Malvinder Mohan Singh and Shivinder Mohan Singh, a single judge bench of Justice Jayant Nath of the Delhi High Court directed them to pay `3,500 crore to Japanese drug maker Daiichi Sankyo that's 35 per cent of the `10,000 crore the Singh brothers had received for selling their stake in Ranbaxy then valued at $ 4.6 billion to Daiichi in 2008.

Daiichi Sankyo's

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