Nectar Lifesciences soars around 20%, hits 52-week low after announcing ₹1,270 crore biz sale to Ceph Lifesciences

Nectar Lifesciences Ltd. shares fell nearly 20% to ₹18.60 after announcing the sale of its API and formulations business to Ceph Lifesciences for ₹1,270 crore. The deal aims to streamline operations and unlock shareholder value while the stock remains down over 26% in the past year.

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