Sun Pharmaceutical Industries Limited is looking for acquisition opportunities. Sun Pharmaceutical is looking to acquire stakes in companies across Europe and other parts of the world, as it seeks to add products and increase its geographical penetration, Bloomberg reported, citing Sun Pharmaceutical's Chairman, Israel Makov. "We can look at Europe, we can look at other areas of the world.

We are looking both for companies that will enhance our specialty-pharma focus and our geographical reach," Makov said. Sun Pharmaceutical is reportedly following a strategy of buying stakes in companies, which are either performing poorly or not yielding much profit and merging their operations.