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    Sun Pharma: Ransomware attack to weigh on operational performance

    The situation is evolving and can potentially have a wider reach, possibly involving litigations

    Anubhav Sahu
    March 28, 2023 / 10:42 AM IST
    Sun Pharma: Ransomware attack to weigh on operational performance

    Ransomware-led IT security breach at Sun Pharma to have bearing on the operations.

    PRO Only Highlights
    -      Quarterly performance largely backed by improved realisations
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    Highlights Ransomware-led IT security breach to have bearing on operations Additional IT security expenses to further moderate margins Continue to look at inorganic opportunities in the field of animal health & dermatology Valuation remains ahead of large generic players Sun Pharma (CMP: Rs 982; Market cap: Rs 2,35,543 crore) had an IT security incident a few weeks back. As a follow-up, the company has provided an update on the remedial steps taken and indicated its impact on financials. A ransomware group — ALPHV BlackCat —...

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