Tablets of a cold medicine. (Photographer: Kiyoshi Ota/Bloomberg)
Sun Pharmaceutical Industries Ltd. will transfer its local distribution business run by a promoter arm to its wholly owned subsidiary as India’s largest drugmaker takes corrective measures to allay investor concerns on corporate governance.The business will be transferred in a phased manner on receiving regulatory approvals, the company said in an exchange filing. The company’s arm will commence distribution from this month on the sa...