New Delhi, Mar 21 (PTI) Shares of Divi’s Laboratories

today slumped 20 per cent after the company said the US health

regulator has issued an import alert on the products

manufactured at one of its units in Visakhapatnam.

After making a weak opening, shares of the company

further plunged 19.69 per cent to Rs 635 — its 52-week low —

on BSE.

At NSE, shares of the company plummeted 19.99 per cent to

hit a one-year low of Rs 632.55.

Following the sharp sell-off, the company’s market

valuation fell by Rs 3,986.74 crore to Rs 17,035.12 crore.

USFDA, however, exempted 10 products manufactured in the

plant from the alert list.

“USFDA has issued an import alert 66-40 on March 20, 2017

on the products manufactured at the company’s Unit-II at

Visakhapatnam, Andhra Pradesh,” Divi’s Laboratories said in a

BSE filing.

This is published unedited from the PTI feed.