Drug firm Elder Pharmaceuticals has said its Chairman and
Managing Director Jagdish Saxena has passed away after a prolonged illness.
The Saxenas: (from left) Daughter Shalini Kumar, founder Jagdish, wife Sneh, son Anuj, Alok and wife Niti. (File BT Photo)
"Jagdish Saxena (74), the Chairman and Managing Director of the Company, passed away on October 10, 2013, morning after a prolonged illness,"
Elder Pharmaceuticals said in a filing to the Bombay Stock Exchange.
Mumbai-based Elder Pharmaceuticals manufactures and markets prescription pharmaceutical brands, surgical and medical devices.
Shares of Elder Pharmaceuticals on Thursday closed at Rs 318.10 per scrip on BSE, down 2.99 per cent from their previous close.
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