158 Corporate Finance
Exhibit 7.8 Stock price histories of pharmaceutical companies
Glaxo SmithKline Ranbaxy Laboratories
303.88
341.26
378.63
416.01
453.39
11/3/2002 8/7/2002 7/11/2002 7/3/2003
564.15
666.26
768.38
870.49
972.60
11/3/2002 8/7/2002 7/11/2002 7/3/200 3
asiancerc.com
Cipla Sun Pharmaceutical Industries
791.33
870.44
949.55
1,028.66
1,107.78
11/3/2002 8/7/2002 7/11/2002 7/3/2003
332.15
430.71
529.28
627.83
726
11/3/2002 9/7/2002 5/11/2002 7/3/2003
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Dr Reddy’s Lab
(^) 692.54
813.53
934.51
1,055.50
1,176.49
11/3/2002 8/7/2002 7/11/2002 7/3/2003
asiancerc.com
Source: India Infoline.