Also the Supreme Court may direct Daichi to pay interest at the rate of 8% - 14% on the open price of Rs.160 tpo the shareholders for the delay in the open offer...

I recommend investors to buy at CMP of Rs.115 - 117 for reaping the harvests on 2nd dec 2009....

i m holding 1000 shares of zenotech lab .what should i do....................
should i hold or quit

Just hold and don`t even think of selling Zentech Labs...

Daichi Sanko needs this company badly...

Ranbaxy has 47% stake in Zenotech..

Ranbaxy has been taken over by Daichi...

Daichi will finally agree to the open offer on Dec 2nd 2009...

So I would advise investors to hold and even buy at CMP...

will the offer remain same with such news from BS

Zenotech Labs June qtr net loss widens to Rs 3.41 cr

Press Trust of India / Mumbai November 16, 2009, 16:04 IST



Drug maker Zenotech Laboratories today said reported Rs 3.41 crore loss for the quarter ended June 30, against a net loss of Rs 2.66 crore in the same period previous fiscal.



The board today approved the results for the financial year ended March 31, and first quarter ended June 30, 2009, Zenotech Laboratories said in a filing to the Bombay Stock Exchange (BSE).

The board meeting was scheduled to be held on October 9, 2009, was postponed to November 16, 2009, the filing added.

Total income declined to Rs 1.07 crore in the latest quarter ended June 30, against Rs 2.77 crore in the same period corresponding year, it said.

The company also reported net loss of Rs 10.79 crore for the quarter ended March 31, against Rs 6.65 crore in the same period previous year.

For the year ended March 31, the company reported a net loss of Rs 21.67 crore, against a net loss of Rs 14.70 crore in the same period previous fiscal.

Shares of Zenotech Laboratories today closed at Rs 115.25 on the BSE, down 0.73 per cent from its previous close.