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TRYST IN TOKYO LED TO DAIICHI, RANBAXY UNION

Malvinder Went To Seek Ally For R&D Unit, Ended Up Selling Co IT BEGAN with the Ranbaxy management looking for an investor for its R&D unit and ended up with them finding a buyer for the parent company. And ironically, while Ranbaxy has been sold, the new owners have decided to retain the R&D unit within the company.