SC 13D/A 1 ss150927_sc13da.htm AMENDMENT NO. 24 TO SCHEDULE 13D
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
SCHEDULE 13D/A
(Amendment No. 24)
 
Under the Securities Exchange Act of 1934
 
 
 
TARO PHARMACEUTICAL INDUSTRIES LTD.
(Name of Issuer)
 
 
ORDINARY SHARES, PAR VALUE NIS 0.0001 PER SHARE
(Title of Class of Securities)
 
 
M8737E108
(CUSIP Number)
 
 
Mr. Sudhir V. Valia, Acme Plaza, Andheri Kurla Road, Andheri (East), Mumbai – 400 059, India
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
 
 
August 12, 2012
(Date of Event Which Requires Filing of this Statement)
 
 
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because § 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g) check the following box ¨.
 
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits.  See § 240.13d-7(b) for other parties to whom copies are to be sent.
 
* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
 
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
 
 
 
     
 
 
 
 
      
SCHEDULE 13D/A
    
CUSIP No. M8737E108
  
Page 2 of 18 Pages
         
1
NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
SUN PHARMACEUTICAL INDUSTRIES LTD.
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) o
(b) x
   
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS
  
PF
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
 
o
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
The Republic of India
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
7
SOLE VOTING POWER
 
0
8
SHARED VOTING POWER
 
29,497,813*
9
SOLE DISPOSITIVE POWER
 
0
10
SHARED DISPOSITIVE POWER
 
29,497,813
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
29,497,813
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
  
 
o
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
66.0%**
14
TYPE OF REPORTING PERSON
  
CO
      
*            Includes 3,770,833 Ordinary Shares acquired by Alkaloida Chemical Company Exclusive Group Ltd. (“Alkaloida”), an indirect subsidiary of Sun Pharmaceutical Industries Ltd. (“Sun”), on May 21, 2007 and 3,016,667 Ordinary Shares acquired by Alkaloida on May 30, 2007, in each case pursuant to the share purchase agreement dated May 18, 2007 (“Purchase Agreement”), between Alkaloida and the Issuer, which entitled Alkaloida to acquire a total of 7,500,000 Ordinary Shares; 58,000 Ordinary Shares acquired by Sun Pharma Global, Inc. (“Sun Pharma”), a direct wholly-owned subsidiary of Sun, on July 11, 2007 and 500 Ordinary Shares acquired by Sun Pharma on July 23, 2007, in each case in open market transactions; 3,000,000 Ordinary Shares acquired by Alkaloida on August 2, 2007, pursuant to Sun’s rights under the warrant, dated May 18, 2007, issued by the Issuer to Sun (the “Original Warrant”); 3,712,557 Ordinary Shares acquired by Alkaloida on February 19, 2008, from Brandes Investment Partners, L.P., for and on behalf of certain of its investment advisory clients (“Brandes”); and 797,870 Ordinary Shares acquired by Alkaloida on June 23, 2008, from Harel Insurance Company Limited (“Harel”).
 
This amount also includes 3,787,500 Ordinary Shares which Alkaloida acquired pursuant to a warrant issued to Sun by the Issuer on August 2, 2007 (“Warrant No. 2”), including (i) 3,712,500 Ordinary Shares issued to Alkaloida on September 24, 2010 and (ii) 75,000 Ordinary Shares issued to Alkaloida on September 27, 2010.
 
This amount also includes 29,382 Ordinary Shares which Alkaloida directly acquired on September 14, 2010, upon the closing of the initial offering period of the tender offer to purchase all of the outstanding Ordinary Shares, pursuant to the Tender Offer Statement on Schedule TO, filed on June 30, 2008, as amended.
 
This amount also includes an aggregate of 4,739,739 Ordinary Shares indirectly acquired by Sun pursuant to the letter agreement, dated as of September 20, 2010 (the “Letter Agreement”), among Sun, Alkaloida, Sun Pharmaceutical Industries Inc. (“Sun Michigan”), a Michigan corporation and a direct subsidiary of Sun, The Taro Development Corporation, a New York corporation (“TDC”), Dr. Barrie Levitt, Ms. Tal Levitt, Dr. Jacob Levitt, and Dr. Daniel Moros (such individuals, together with TDC, the “Grantors”).  Pursuant to the Letter Agreement: (i) Alkaloida directly acquired 2,405,925 Ordinary Shares from the Grantors, consummating an option granted by the Grantors to Alkaloida under an option agreement (the “Option Agreement”), dated May 18, 2007, among the Grantors and Sun (and subsequently assigned to Alkaloida), (ii) Alkaloida directly acquired an additional 12 Ordinary Shares from the Grantors, and (iii) upon the merger of a subsidiary of Sun Michigan with and into TDC on October 1, 2010, Sun Michigan indirectly acquired 2,333,802 Ordinary Shares, consummating an option granted by TDC to Alkaloida (and subsequently assigned to Sun Michigan) under the Option Agreement.  TDC directly owns 2,333,022 Ordinary Shares and indirectly owns 780 Ordinary Shares through Morley and Company, Inc., a New York corporation owned by TDC and Alkaloida.  In addition, in connection with the consummation of the transactions contemplated by the Option Agreement, Alkaloida acquired 2,600 Founders’ Shares, which control in the aggregate one-third of the voting power of the Issuer.
 
This amount also includes 5,159,765 Ordinary Shares acquired by Alkaloida on November 1, 2010 from Franklin Advisors, Inc. and Templeton Asset Management Ltd.
 
This amount also includes 712,500 Ordinary Shares acquired by Alkaloida on January 18, 2011 under the Purchase Agreement and 712,500 Ordinary Shares acquired by Alkaloida on January 18, 2011 pursuant to Warrant No. 2.
 
**         Based on 44,676,337 Ordinary Shares issued and outstanding as of August 10, 2012.
    
 
 
 
      
SCHEDULE 13D/A
    
CUSIP No. M8737E108
  
Page 3 of 18 Pages
         
1
NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
SUN PHARMA GLOBAL INC.
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) o
(b) x
   
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS
   
PF
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
 
o
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
The British Virgin Islands
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
7
SOLE VOTING POWER
 
0
8
SHARED VOTING POWER
 
27,164,011*
9
SOLE DISPOSITIVE POWER
 
0
10
SHARED DISPOSITIVE POWER
 
27,164,011
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
27,164,011
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
  
 
o
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
60.8%**
14
TYPE OF REPORTING PERSON
     
CO
      
*           Includes 3,770,833 Ordinary Shares acquired by Alkaloida on May 21, 2007 and 3,016,667 Ordinary Shares acquired by Alkaloida on May 30, 2007, in each case pursuant to the Purchase Agreement; 58,000 Ordinary Shares acquired by Sun Pharma on July 11, 2007 and 500 Ordinary Shares acquired by Sun Pharma on July 23, 2007, in each case in open market transactions; 3,000,000 Ordinary Shares acquired by Alkaloida on August 2, 2007, pursuant to Sun’s rights under the Original Warrant; 3,712,557 Ordinary Shares acquired by Alkaloida on February 19, 2008, from Brandes; and 797,870 Ordinary Shares acquired by Alkaloida on June 23, 2008, from Harel.
 
This amount also includes 3,787,500 Ordinary Shares which Alkaloida acquired pursuant to Warrant No. 2, including (i) 3,712,500 Ordinary Shares issued to Alkaloida on September 24, 2010 and 75,000 Ordinary Shares issued to Alkaloida on September 27, 2010.
 
This amount also includes 29,382 Ordinary Shares which Alkaloida directly acquired on September 14, 2010, upon the closing of the initial offering period of the tender offer to purchase all of the outstanding Ordinary Shares, pursuant to the Tender Offer Statement on Schedule TO, filed on June 30, 2008, as amended.
 
This amount also includes an aggregate of 2,406,717 Ordinary Shares directly or indirectly acquired by Alkaloida pursuant to the Letter Agreement.  Pursuant to the Letter Agreement, Alkaloida (i) directly acquired 2,405,925 Ordinary Shares from the Grantors, consummating an option granted by the Grantors to Alkaloida under the Option Agreement, (ii) directly acquired an additional 12 Ordinary Shares from the Grantors, and (iii) indirectly acquired 780 Ordinary Shares through its acquisition of shares of Morley and Company, Inc., a New York corporation.  In addition, in connection with the consummation of the transactions contemplated by the Option Agreement, Alkaloida acquired 2,600 Founders’ Shares, which control in the aggregate one-third of the voting power of the Issuer.
 
This amount also includes 5,159,765 Ordinary Shares acquired by Alkaloida on November 1, 2010 from Franklin Advisors, Inc. and Templeton Asset Management Ltd.
 
This amount also includes 712,500 Ordinary Shares acquired by Alkaloida on January 18, 2011 under the Purchase Agreement and 712,500 Ordinary Shares acquired by Alkaloida on January 18, 2011 pursuant to Warrant No. 2.
 
**         Based on 44,676,337 Ordinary Shares issued and outstanding as of August 10, 2012.
    
 
 
 
      
SCHEDULE 13D/A
      
CUSIP No. M8737E108
  
Page 4 of 18 Pages
         
1
NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
ALKALOIDA CHEMICAL COMPANY EXCLUSIVE GROUP LTD
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) o
(b) x
   
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS (See Instructions)
 
PF
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
 
o
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
The Republic of Hungary
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
7
SOLE VOTING POWER
 
0
8
SHARED VOTING POWER
 
27,105,511*
9
SOLE DISPOSITIVE POWER
 
0
10
SHARED DISPOSITIVE POWER
 
27,105,511
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
27,105,511
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
  
 
o
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
60.7%**
14
TYPE OF REPORTING PERSON
  
CO
      
*           Includes 3,770,833 Ordinary Shares acquired by Alkaloida on May 21, 2007 and 3,016,667 Ordinary Shares acquired by Alkaloida on May 30, 2007, in each case pursuant to the Purchase Agreement; 3,000,000 Ordinary Shares acquired by Alkaloida on August 2, 2007, pursuant to Sun’s rights under the Original Warrant; 3,712,557 Ordinary Shares acquired by Alkaloida on February 19, 2008, from Brandes; and 797,870 Ordinary Shares acquired by Alkaloida on June 23, 2008, from Harel.
 
This amount also includes 3,787,500 Ordinary Shares which Alkaloida acquired pursuant to Warrant No. 2, including (i) 3,712,500 Ordinary Shares issued to Alkaloida on September 24, 2010 and 75,000 Ordinary Shares issued to Alkaloida on September 27, 2010.
 
This amount also includes 29,382 Ordinary Shares which Alkaloida directly acquired on September 14, 2010, upon the closing of the initial offering period of the tender offer to purchase all of the outstanding Ordinary Shares, pursuant to the Tender Offer Statement on Schedule TO, filed on June 30, 2008, as amended.
 
This amount also includes an aggregate of 2,406,717 Ordinary Shares directly or indirectly acquired by Alkaloida pursuant to the Letter Agreement.  Pursuant to the Letter Agreement, Alkaloida (i) directly acquired 2,405,925 Ordinary Shares from the Grantors, consummating an option granted by the Grantors to Alkaloida under the Option Agreement, (ii) directly acquired an additional 12 Ordinary Shares from the Grantors, and (iii) indirectly acquired 780 Ordinary Shares through its acquisition of shares of Morley and Company, Inc., a New York corporation.  In addition, in connection with the consummation of the transactions contemplated by the Option Agreement, Alkaloida acquired 2,600 Founders’ Shares, which control in the aggregate one-third of the voting power of the Issuer.
 
This amount also includes 5,159,765 Ordinary Shares acquired by Alkaloida on November 1, 2010 from Franklin Advisors, Inc. and Templeton Asset Management Ltd.
 
This amount also includes 712,500 Ordinary Shares acquired by Alkaloida on January 18, 2011 under the Purchase Agreement and 712,500 Ordinary Shares acquired by Alkaloida on January 18, 2011 pursuant to Warrant No. 2.
 
**         Based on 44,676,337 Ordinary Shares issued and outstanding as of August 10, 2012.
    
 
 
 
      
SCHEDULE 13D
 
CUSIP No. M8737E108
  
Page 5 of 18 Pages
         
1
NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
SUN PHARMACEUTICAL INDUSTRIES, INC.
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) o
(b) x
   
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS (See Instructions)
 
PF
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
 
o
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Michigan
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
7
SOLE VOTING POWER
 
0
8
SHARED VOTING POWER
 
2,333,802*
9
SOLE DISPOSITIVE POWER
 
0
10
SHARED DISPOSITIVE POWER
 
2,333,802
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
2,333,802
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
   
 
o
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
5.2%**
14
TYPE OF REPORTING PERSON
     
CO
      
*           This amount includes 2,333,802 Ordinary Shares Sun Michigan acquired upon the merger of a subsidiary of Sun Michigan with and into TDC on October 1, 2010, pursuant to the Letter Agreement.  TDC directly owns 2,333,022 Ordinary Shares and indirectly owns 780 Ordinary Shares through Morley and Company, Inc., a New York corporation owned by TDC and Alkaloida (following the transactions consummated under the Letter Agreement).
 
**         Based on 44,676,337 Ordinary Shares issued and outstanding as of August 10, 2012.
    
 
 
 
      
SCHEDULE 13D
 
CUSIP No. M8737E108
  
Page 6 of 18 Pages
         
1
NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
THE TARO DEVELOPMENT CORPORATION
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) o
(b) x
   
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS (See Instructions)
 
PF
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
 
 
o
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
New York
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
7
SOLE VOTING POWER
 
0
8
SHARED VOTING POWER
 
2,333,802*
9
SOLE DISPOSITIVE POWER
 
0
10
SHARED DISPOSITIVE POWER
 
2,333,802
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
2,333,802
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
 
 
o
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
5.2%**
14
TYPE OF REPORTING PERSON (See Instructions)
 
CO
      
*           This amount includes the following Ordinary Shares: TDC directly owns 2,333,022 Ordinary Shares and indirectly owns 780 Ordinary Shares through Morley and Company, Inc., a New York corporation owned by TDC and Alkaloida (following the transactions consummated under the Letter Agreement).
 
**         Based on 44,676,337 Ordinary Shares issued and outstanding as of August 10, 2012.
    
 
 
 
    
This Amendment No. 24 (this “Amendment”) amends and supplements the Statement on Schedule 13D originally filed by the Reporting Persons with the Securities and Exchange Commission on July 3, 2007 (the “Original Schedule 13D”); the Amendment No. 1 to the Original Schedule 13D, filed on July 25, 2007 (the “Amendment No. 1”); the Amendment No. 2 to the Original Schedule 13D, filed on August 2, 2007 (the “Amendment No. 2”); the Amendment No. 3 to the Original Schedule 13D, filed on February 19, 2008 (the “Amendment No. 3”); the Amendment No. 4 to the Original Schedule 13D, filed on May 29, 2008 (the “Amendment No. 4”); the Amendment No. 5 to the Original Schedule 13D, filed on June 5, 2008 (the “Amendment No. 5”); the Amendment No. 6 to the Original Schedule 13D, filed on June 24, 2008 (the “Amendment No. 6”); the Amendment No. 7 to the Original Schedule 13D, filed on June 25, 2008 (the “Amendment No. 7”); the Amendment No. 8 to the Original Schedule 13D, filed on December 2, 2009 (the “Amendment No. 8”); the Amendment No. 9 to the Original Schedule 13D, filed on December 11, 2009 (the Amendment No. 9”); the Amendment No. 10 to the Original Schedule 13D, filed on December 14, 2009 (the “Amendment No. 10”); the Amendment No. 11 to the Original Schedule 13D, filed on December 15, 2009 (the “Amendment No. 11”); the Amendment No. 12 to the Original Schedule 13D, filed on December 17, 2009 (the “Amendment No. 12”); the Amendment No. 13 to the Original Schedule 13D, filed on December 21, 2009 (the “Amendment No. 13”); the Amendment No. 14 to the Original Schedule 13D, filed on December 22, 2009 (the “Amendment No. 14”); the Amendment No. 15 to the Original Schedule 13D, filed on December 24, 2009 (the “Amendment No. 15”); the Amendment No. 16 to the Original Schedule 13D, filed on December 31, 2009 (the “Amendment No. 16”); the Amendment No. 17 to the Original Schedule 13D, filed on January 11, 2010 (the “Amendment No. 17”); the Amendment No. 18 to the Original Schedule 13D, filed on September 10, 2010 (the “Amendment No. 18”); the Amendment No. 19 to the Original Schedule 13D, filed on September 24, 2010 (the “Amendment No. 19”); the Amendment No. 20 to the Original Schedule 13D, filed on October 5, 2010 (the “Amendment No. 20”); the Amendment No. 21 to the Original Schedule 13D, filed on November 4, 2010; the Amendment No. 22 to the Original Schedule 13D, filed on January 19, 2011; and the Amendment No. 23 to the Original Schedule 13D, filed on October 18, 2011 (the “Amendment No. 23”, together with the Original Schedule 13D, the Amendment No. 1, to and through the Amendment No. 22, the “Schedule 13D”), with respect to the Ordinary Shares, par value NIS .0001 per share (the “Ordinary Shares”), of Taro Pharmaceutical Industries Ltd., an Israeli corporation (the “Issuer”), whose principal executive offices are located at 14 Hakitor Street, Haifa Bay 26110, Israel.  Unless otherwise indicated, each capitalized term used but not defined herein shall have the meaning assigned to such term in the Schedule 13D.
 
ITEM 2.
IDENTITY AND BACKGROUND
 
Item 2 is hereby amended and restated in its entirety to read as follows.
 
(a) This Amendment is being filed jointly by Sun Pharmaceutical Industries Limited, a corporation organized under the laws of India (“Sun”), Sun Pharma Global, Inc., a corporation organized under the laws of the British Virgin Islands and a direct subsidiary of Sun (“Sun Pharma”), Alkaloida Chemical Company Exclusive Group Ltd., a corporation organized under the laws of Hungary and an indirect subsidiary of Sun (“Alkaloida”), Sun Pharmaceutical Industries Inc., a Michigan corporation and a direct subsidiary of Sun (“Sun Michigan”), and The Taro Development Corporation, a New York corporation and a direct subsidiary of Sun Michigan (“TDC”). Sun, Sun Pharma, Alkaloida, Sun Michigan, and TDC are sometimes individually referred to herein as a “Reporting Person” and collectively as the “Reporting Persons”.
 
The Reporting Persons have agreed to file this Amendment jointly in accordance with Rule 13d-1(k)(1) under the Act pursuant to the Agreement of Joint Filing, dated July 2, 2007, a copy of which is filed with this Amendment as Exhibit 99.46, the Joinder Agreement, dated September 24, 2010, a copy of which is filed with this Amendment as Exhibit 99.47, and Second Joinder Agreement, dated October 18, 2011, a copy of which is filed with this Amendment as Exhibit 99.48.
 
Sun Pharmaceutical Industries Limited
 
(b) – (c)       Sun is a corporation organized under the laws of India. Sun is a specialty pharmaceutical company. Sun’s business address is 17/B, Mahal Industrial Estate, Mahakali Caves Road, Andheri (East), Mumbai – 400 093 India.
    
 
 
 
    
The directors and executive officers of Sun and their respective business addresses, present principal occupations and citizenship are set forth below:
 
Directors of Sun Pharmaceutical Industries Limited
 
Name
  
Address
  
Present
Principal Occupation
  
Citizenship
Dilip S. Shanghvi
  
Sun Pharmaceutical Industries Limited, 17/B, Mahal Industrial Estate, Mahakali Caves Road, Andheri (East), Mumbai – 400 093, India
  
Managing Director
  
India
             
Israel Makov
  
Sun Pharmaceutical Industries Limited, Acme Plaza, Andheri Kurla Road, Andheri (East), Mumbai – 400 059, India
  
Chairman
  
Israel
             
Sudhir V. Valia
  
Sun Pharmaceutical Industries Limited, Acme Plaza, Andheri Kurla Road, Andheri (East), Mumbai – 400 059, India
  
Director
  
India
             
Sailesh T. Desai
  
Sun Pharmaceutical Industries Limited, 17/B, Mahal Industrial Estate, Mahakali Caves Road, Andheri (East), Mumbai – 400 093, India
  
Director
  
India
             
S. Mohanchand Dadha
  
Sun Pharmaceutical Industries Limited, 10, Jeypore Nagar, Chennai – 600 086, India
  
Director
  
India
             
Hasmukh S. Shah
  
Sun Pharmaceutical Industries Limited, 402, 4th Floor, R. K. Centre, Fatehgunj Main Road, Baroda – 390 002, India
  
Director
  
India
             
Keki Minu Mistry
  
HDFC Limited, Ramon House, 5th Floor, H. T. Parekh Marg, 169, Backbay Reclamation, Churchgate, Mumbai – 400 020, India
  
Director
  
India
             
Ashwin S. Dani
  
Asian Paints (India) Limited, 6-A, Shanti Nagar, Santacruz (East), Mumbai – 400055, India
  
Director
  
India
  
  
Executive Officers of Sun Pharmaceutical Industries Limited
 
Name
  
Address
  
Present
Principal Occupation
  
Citizenship
Rakesh Mehta
  
Sun Pharmaceutical Industries Limited, , Corporate Centre, 4th Floor, J.B Nagar, Andheri Kurla Road, Andheri (E) Mumbai – 400 059, Maharashtra, India
  
Sr. Vice President (International Marketing)
  
India
             
Abhay Gandhi
  
Sun Pharmaceutical Industries Limited, Acme Plaza, Andheri Kurla Road, Andheri (E) Mumbai – 400 059, Maharashtra, India
  
Exec. Vice President (International Marketing)
  
India
             
T. K. Roy
  
Sun Pharmaceutical Industries Limited, Acme Plaza, Andheri Kurla Road, Andheri (E) Mumbai – 400 059, Maharashtra, India
  
Sr. Vice President (Marketing & Sales)
  
India
             
    
 
 
 
     
Name   Address   Present
Principal Occupation
   Citizenship
Sharda Crishna
  
Sun Pharmaceutical Industries Limited, Acme Plaza, Andheri Kurla Road, Andheri (E) Mumbai – 400 059, Maharashtra, India
  
Sr. Vice President (Marketing & Sales)
  
India
             
Kirti Ganorkar
  
Sun Pharmaceutical Industries Limited, 17/B, Mahal Industrial Estate, Mahakali Caves Road, Andheri (East), Mumbai – 400 093, India
  
Sr. Vice President (Business Development)
  
India
             
Vipul Doshi
  
Sun Pharmaceutical Industries Limited, SPARC, Tandalja, Vadodara – 390 020, Gujarat, India
  
Exec. Vice President (Quality)
  
India
             
Dr. Ratnesh Shrivastava
  
Sun Pharmaceutical Industries, Limited, 17/B, Mahal Industrial Estate, Mahakali Caves Road, Andheri (East), Mumbai – 400 093, India
  
Vice President (Intellectual Property Cell)
  
India
             
Sampad Bhattacharya
  
Sun Pharmaceutical Industries Limited, Halol Baroda Highway, Halol – 389 350, India
  
Vice President Operations
  
India
             
Uday Baldota
  
Sun Pharmaceutical Industries Limited, 17/B, Mahal Industrial Estate, Mahakali Caves Road, Andheri (East), Mumbai – 400 093, India
  
Sr. Vice President (Accounts & Finance)
  
India
             
A. H. Khan
  
Sun Pharmaceutical Industries Limited, Acme Plaza, Andheri Kurla Road, Andheri (E) Mumbai – 400 059 Maharashtra, India
  
Vice President (Human Resources Development)
  
India
             
Dinesh R. Desai
  
Sun Pharmaceutical Industries Limited, 17/B, Mahal Industrial Estate, Mahakali Caves Road, Andheri (East), Mumbai – 400 093, India
  
Vice President (Accounts)
  
India
             
Sunil Ajmera
  
Sun Pharmaceutical Industries Limited, 17/B, Mahal Industrial Estate, Mahakali Caves Road, Andheri (East), Mumbai – 400 093, India
  
Sr. General Manager (Operations), Compliance Officer & Company Secretary
  
India
             
Ashok I. Bhuta
  
Sun Pharmaceutical Industries Limited, 17/B, Mahal Industrial Estate, Mahakali Caves Road, Andheri (East), Mumbai – 400 093, India
  
Deputy General Manager (Legal & Secretarial) & Compliance Officer
  
India
             
Pabitra Kumar Bhattacharya
  
Sun Pharmaceutical Industries Limited, 401-404, The Eagle’s Flight, Dr. Suren Road, Off Andheri-Kurla Road, Chakala, Andheri (East) Mumbai – 400 093, India
  
Vice President (Process Eng. & Operations)
  
India
             
B.F. Shirude
  
Sun Pharmaceutical Industries Limited, A-8, MIDC Industrial Area, Ahmednagar – 414 111, India
  
Vice President Operations (API)
  
India
             
R. S. Vasan
  
Sun Pharmaceutical Industries Limited, Acme Plaza, Andheri Kurla Road, Andheri (E) Mumbai – 400 059 Mahrashtra, India
  
Sr. Vice President (Marketing & Sales)
  
India
             
     
 
 
 
     
 
Name    Address    Present
Principal Occupation		    Citizenship
Kailash Pathak
  
Sun Pharmaceutical Industries Limited, SPARC, Tandalja, Vadodara – 390 020, Gujarat, India
  
Sr. Vice President - Operations (API)
  
India
             
Dr Deepak Haldankar
  
Sun Pharmaceutical Industries Limited, SPARC, Tandalja, Vadodara – 390 020, Gujarat, India
  
Vice President - Corporate Quality
  
India
    
    
Sun Pharma Global Inc.
 
(b)-(c)     Sun Pharma is a corporation organized under the laws of the British Virgin Islands. Sun Pharma is a trading and investment company and is a wholly-owned subsidiary of Sun. Sun Pharma’s business address is International Trust Building, P.O. Box No. 659, Road Town, Tortola, British Virgin Islands.
 
The directors of Sun Pharma and their respective business addresses, present principal occupations and citizenship are set forth below:
 
Directors of Sun Pharma Global Inc.
 
Names
  
Address
  
Present Principal
Occupation
  
Citizenship
Harin Mehta
  
Flat no. 3,1, Elmunkas street, Tiszavasvári, Hungary - 4440
  
Director
  
India
             
Sunil Gandhi
  
SuGandhManagement, Consultancy, Woodstock Asia Pacific DMCC ,Office No. 406, The Business Centre, Opp Burjuman Centre, Mashreq Bank Bldg. Bank Street, P.O. Box 12850, Dubai-UAE
  
Director & Secretary of Sun Global and Financial Consultant
  
India
             
Surendra Joshi
  
PO Box 696, Muttrah, Post Code No. 114, Sultanate of Oman
  
Director of Sun Global and Tax Consultant
  
India
 
  
Executive Officers of Sun Pharma Global Inc.
 
There are no executive officers of Sun Pharma.

 
Alkaloida Chemical Company Exclusive Group Ltd.
 
(b)-(c)     Alkaloida is a corporation organized under the laws of Hungary. Alkaloida is a specialty pharmaceutical company and is an indirect subsidiary of Sun. Alkaloida’s business address is Kabay János u. 29, H-4440 Tiszavasvári, Hungary.
 
The directors and executive officers of Alkaloida and their respective business addresses, present principal occupations and citizenship are set forth below:
 
Directors of Alkaloida Chemical Company Exclusive Group Ltd.
    
 
 
 
    
Name
  
Address
  
Present
Principal Occupation
  
Citizenship
Harin Mehta
  
Flat no. 3,1, Elmunkas street, Tiszavasvári, Hungary – 4440
  
Director, Sun Pharma Global Inc.
  
India
             
Jayesh M. Shah
  
Caraco Pharmaceutical Laboratories Limited, 1150 Elijah McCoy Drive, Detroit, MI 48202, USA
  
Director; Commercial, Caraco Pharmaceutical Laboratories Limited
  
United States
             
Katalin Szilágyi
  
4440 Tiszavasvári, Kelp Ilona u. 3., Hungary
  
Director; Quality Assurance & Quality Control, Alkaloida Chemical Company Exclusive Group Ltd.
  
Hungary
             
Sudhir V. Valia
  
Acme Plaza, Andheri Kurla Road, Andheri (East), Mumbai – 400 059, India
  
Professional Company Directorships
  
India

 
Executive Officers of Alkaloida Chemical Company Exclusive Group Ltd.
 
Name
  
Address
  
Present
Principal Occupation
  
Citizenship
Gyula Sotkó
  
Alkaloida Chemical Company Exclusive Group Ltd., Kabay János u. 29, H-4440 Tiszavasvári, Hungary
  
Purchasing & Logistics Manager
  
Hungary
             
Katalin Szilágyi
  
Alkaloida Chemical Company Exclusive Group Ltd., Kabay János u. 29, H-4440 Tiszavasvári, Hungary
  
Director, Quality Assurance & Quality Control
  
Hungary
             
Dr. József Simon
  
Alkaloida Chemical Company Exclusive Group Ltd., Kabay János u. 29, H-4440 Tiszavasvári, Hungary
  
Chief Legal Advisor
  
Hungary
             
Zoltán Nagy
  
Alkaloida Chemical Company Exclusive Group Ltd., Kabay János u. 29, H-4440 Tiszavasvári, Hungary
  
Human Resources Manager
  
Hungary
             
Tibor Horváth
  
4026 Debrecen, Hatvan u. 1/C.III/3, Hungary
  
Poppy System Manager
  
Hungary
             
Zoltán László
  
Alkaloida Chemical Company Exclusive Group Ltd., Kabay János u. 29, H-4440 Tiszavasvári, Hungary
  
Technical Supply Manager
  
Hungary
             
Ferenc Vicsai
  
Alkaloida Chemical Company Exclusive Group Ltd., Kabay János u. 29, H-4440 Tiszavasvári, Hungary
  
Controlling Manager
  
Hungary
    
 
 
 
     
Sun Pharmaceutical Industries, Inc.
 
(b)-(c)           Sun Michigan is a corporation organized under the laws of Michigan. Sun Michigan is a specialty pharmaceutical company and is a wholly-owned subsidiary of Sun. Sun Michigan’s business address is 30600 Telegraph Road, Bingham Farms, MI 48025, USA.
 
The directors and executive officers of Sun Michigan and their respective business addresses, present principal occupations and citizenship are set forth below:
 
Directors of Sun Pharmaceutical Industries, Inc.
 
Name
  
Address
  
Present
Principal Occupation
  
Citizenship
GP. Singh
  
Sun Pharmaceutical Industries, Inc., 30600 Telegraph Road, Bingham Farms, MI 48025, USA
  
Director and President of Sun Michigan
  
United States
             
Jayesh M. Shah
  
Sun Pharmaceutical Industries, Inc., 30600 Telegraph Road, Bingham Farms, MI 48025, USA
  
Director
  
United States
             
Sudhir V. Valia
  
Sun Pharmaceutical Industries, Inc., 30600 Telegraph Road, Bingham Farms, MI 48025, USA
  
Director
  
India
             
Subramanian Kalyansundaram
 
  
Sun Pharmaceutical Industries, Inc., 30600 Telegraph Road, Bingham Farms, MI 48025, USA
  
Director
  
New Zealand

 
Officers of Sun Pharmaceutical Industries, Inc.
 
Name
  
Address
  
Present
Principal Occupation
  
Citizenship
John Dauer
  
Sun Pharmaceutical Industries, Inc., 30600 Telegraph Road, Bingham Farms, MI 48025, USA
  
Vice President
  
United States
             
James Hattersley
  
Sun Pharmaceutical Industries, Inc., 30600 Telegraph Road, Bingham Farms, MI 48025, USA
  
Vice President
  
United States
             
Abramowitz Wattanaporn
  
Sun Pharmaceutical Industries, Inc., 30600 Telegraph Road, Bingham Farms, MI 48025, USA
  
Vice President
  
United States

 
The Taro Development Corporation
 
(b)-(c)           TDC is a corporation organized under the laws of New York. TDC is a consulting services company and is a wholly-owned subsidiary of Sun Michigan. TDC’s business address is 270 Prospect Plains Road, Cranbury, NJ 08512, USA.
 
The directors and executive officers of TDC and their respective business addresses, present principal occupations and citizenship are set forth below:
 
Directors of The Taro Development Corporation
    
 
 
 
     
Name
  
Address
  
Present
Principal Occupation
  
Citizenship
Rajesh Shah
  
Sun Pharmaceutical Industries, Inc., 270 Prospect Plains Road, Cranbury, NJ 08512, USA
  
Director
  
India
             
Jayesh M. Shah
  
Caraco Pharmaceutical Laboratories Limited, 1150 Elijah McCoy Drive, Detroit, MI 48202, USA
  
Director
  
United States
             
Sudhir V. Valia
  
Sun Pharmaceutical Industries, Inc., 30600 Telegraph Road, Bingham Farms, MI 48025, USA
  
Director
  
India

 
Officers of The Taro Development Corporation
 
There are no executive officers of TDC.
 
(d)      During the last five years, none of the Reporting Persons or, to the best of the Reporting Persons’ knowledge, any of the other persons identified in this Item 2 has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
 
(e)      During the last five years, none of the Reporting Persons or, to the best of the Reporting Persons’ knowledge, any of the other persons identified in this Item 2 has, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation relating to such laws.
 
(f)      Sun is a corporation organized under the laws of India and each of its executive officers and directors named in this Item 2 are citizens set forth above.  Sun Pharma is a corporation organized under the laws of the British Virgin Islands and each of its directors named in this Item 2 are citizens as set forth above. Alkaloida is a corporation organized under the laws of Hungary and each of its directors named in this Item 2 are citizens as set forth above. Sun Michigan is a corporation organized under the laws of Michigan and each of its directors named in this Item 2 are citizens as set forth above. TDC is a corporation organized under the laws of New York and each of its directors named in this Item 2 are citizens as set forth above.
 

 
ITEM 3.
Source and Amount of Funds or Other Consideration
 
Item 3 is hereby amended and restated in its entirety to read as follows:
 
The total consideration to be paid in connection with the Merger described in Item 4 below is estimated to be approximately $600,000,000, an amount arrived at assuming that 15,178,524 Ordinary Shares not held by Sun or its affiliates will be exchanged for a cash payment of $39.50 per Ordinary Share upon the closing of the Merger. Sun and Alkaloida intend to use available cash on hand in order to fully fund the Merger.  Further, Sun and Alkaloida reserve the right to ultimately decide to enter into a short term banking facility or similar arrangement on customary terms in order to fully fund the Merger.
 
ITEM 4.
Purpose of Transaction
 
Item 4 is hereby amended and restated in its entirety to read as follows:
    
 
 
 
    
On August 12, 2012, Sun, Alkaloida, Aditya Acquisition Company Ltd. (“Merger Sub”), and the Issuer, entered into an Agreement of Merger (the “Merger Agreement”), pursuant to which the Issuer would be merged with and into Merger Sub (the “Merger”).
 
The Merger Agreement provides that all holders of Ordinary Shares other than Sun and its affiliates will receive a cash payment of $39.50 per Ordinary Share upon the closing of the Merger.  Upon completion of the Merger, the Issuer will become a privately held company, will be wholly owned by affiliates of Sun, and its Ordinary Shares will no longer be traded on the New York Stock Exchange.
 
The closing of the Merger is subject to certain terms and conditions customary for transactions of this type, including the affirmative vote at the shareholder meeting to be convened to approve the Merger (the “Shareholder Meeting”) of (1) at least 75% of the voting power of the Ordinary Shares voting at the Shareholder Meeting, (2) at least 75% of the voting power of the Founders’ Shares voting at the Shareholder Meeting and (3) at least 75% of the total voting power of the Issuer (Ordinary Shares and Founders’ Shares together) voting at the Shareholder Meeting, including at least a majority of the voting power voted that is not held by Sun or its affiliates (unless the total voting power of the Issuer held by holders other than interested shareholders and voting against the Merger does not exceed 2% of the total voting power of the Issuer).
  
The Merger Agreement was approved by the Issuer’s Board of Directors based upon the recommendations and approvals of the Special Committee of the Issuer’s Board of Directors and the Audit Committee of the Issuer’s Board of Directors.
 
The references to the Merger Agreement in this Amendment are qualified in their entirety by reference to the Merger Agreement itself, a copy of which is filed with this Amendment as Exhibit 99.50 and incorporated herein by reference as if set forth in its entirety.
 
Prior to the date of this Amendment and as previously disclosed in the Schedule 13D, Sun and its affiliates acquired the Ordinary Shares and Founders’ Shares currently held by them pursuant to a number of agreements and transactions, including those described below:
 
 
·
3,770,833 Ordinary Shares acquired by Alkaloida on May 21, 2007 pursuant to the Purchase Agreement;
 
·
3,016,667 Ordinary Shares acquired by Alkaloida on May 30, 2007 pursuant to the Purchase Agreement;
 
·
58,000 Ordinary Shares acquired by Sun Pharma, a direct wholly-owned subsidiary of Sun, on July 11, 2007 in open market transactions;
 
·
500 Ordinary Shares acquired by Sun Pharma on July 23, 2007 in open market transactions;
 
·
3,000,000 Ordinary Shares acquired by Alkaloida on August 2, 2007, pursuant to the Original Warrant;
 
·
3,712,557 Ordinary Shares acquired by Alkaloida on February 19, 2008 from Brandes;
 
·
797,870 Ordinary Shares acquired by Alkaloida on June 23, 2008 from Harel;
 
·
3,787,500 Ordinary Shares which Alkaloida acquired pursuant to Warrant No. 2, including (i) 3,712,500 Ordinary Shares issued to Alkaloida on September 24, 2010 and (ii) 75,000 Ordinary Shares issued to Alkaloida on September 27, 2010;
 
·
29,382 Ordinary Shares which Alkaloida directly acquired on September 14, 2010, upon the closing of the initial offering period of the tender offer to purchase all of the outstanding Ordinary Shares, pursuant to the Tender Offer Statement on Schedule TO, filed on June 30, 2008, as amended;
 
·
4,739,739 Ordinary Shares indirectly acquired by Sun pursuant to the Letter Agreement as follows: (i) Alkaloida directly acquired 2,405,925 Ordinary Shares from the Grantors, consummating the Option Agreement, dated May 18, 2007, among the Grantors and Sun (and subsequently assigned to Alkaloida), (ii) Alkaloida directly acquired an additional 12 Ordinary Shares from the Grantors, and (iii) upon the merger of a subsidiary of Sun Michigan with and into TDC on October 1, 2010, Sun Michigan indirectly acquired 2,333,802 Ordinary Shares, consummating an option granted by TDC to Alkaloida (and subsequently assigned to Sun Michigan) under the Option Agreement;
 
 
       
 
 
 
     
 
·
5,159,765 Ordinary Shares acquired by Alkaloida on November 1, 2010 from Franklin Advisors, Inc. and Templeton Asset Management Ltd.;
 
·
712,500 Ordinary Shares acquired by Alkaloida on January 18, 2011 under the Purchase Agreement;
 
·
712,500 Ordinary Shares acquired by Alkaloida on January 18, 2011 pursuant to Warrant No. 2; and
 
·
2,600 Founders’ Shares acquired by Alkaloida, in connection with the consummation of the transactions contemplated by the Option Agreement.
 
If consummated, the Merger would result in the occurrence of one or more of the events specified in clauses (a) through (j) of Item 4 of Schedule 13D, including the acquisition by Sun and/or one or more of its affiliates of additional Ordinary Shares, a merger or other extraordinary transaction involving the Issuer, changes in the Issuer’s board of directors, changes to the Issuer’s charter, by-laws or instruments corresponding thereto, the delisting of the Ordinary Shares from the New York Stock Exchange and the Ordinary Shares becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Exchange Act.
 
In the event that the Merger is not consummated, the Reporting Persons will consider all available courses of action, which could involve one or more of the types of transactions or have one or more of the results specified in clauses (a) through (j) of Item 4 of Schedule 13D.  Notwithstanding anything contained herein, each of the Reporting Persons specifically reserves the right to change its intention with respect to any or all of such matters.
 
ITEM 5
Interest in Securities of the Issuer
 
Items 5(a), (b), and (c) are hereby amended and restated in their entirety to read as follows:
 
(a) and (b)  The responses of the Reporting Persons to Rows (7) through (13) of the cover pages of this Amendment are hereby incorporated by reference in this Item 5.  The percentage of Ordinary Shares identified pursuant to Item 1 beneficially owned by each of the Reporting Persons is based on 44,676,337 Ordinary Shares issued and outstanding as of August 10, 2012.
 
Sun Pharma and Sun Michigan are each wholly-owned subsidiaries of Sun. Alkaloida is an indirect subsidiary of Sun.  As a result of these relationships:
 
(i) Sun shares voting and dispositive power of 29,497,813 Ordinary Shares, of which 58,500 Ordinary Shares are held by Sun Pharma, 27,105,511 Ordinary Shares are held by Alkaloida, and 2,333,802 Ordinary Shares are held indirectly by Sun Michigan.
 
(ii) Sun Pharma shares voting and dispositive power of 27,164,011 Ordinary Shares, of which 27,105,511 Ordinary Shares are held by Alkaloida.
 
(iii) Alkaloida shares voting and dispositive power of 27,105,511 Ordinary Shares.
 
(iv)  Sun Michigan shares voting and dispositive power of 2,333,802 Ordinary Shares, of which 2,333,022 Ordinary Shares are held by TDC, and 780 Ordinary Shares are held by Morley.
 
(v)  TDC shares voting and dispositive power of 2,333,802 Ordinary Shares, of which 780 Ordinary Shares are held by Morley.
    
 
 
 
    
Except as disclosed in this Amendment, none of the Reporting Persons or, to the best of the Reporting Persons’ knowledge, any of the other persons listed in Item 2 of this Amendment beneficially owns any Ordinary Shares or has the right to acquire any Ordinary Shares.
 
Except as disclosed in this Amendment, none of the Reporting Persons or, to the best of the Reporting Persons’ knowledge, any of the other persons listed in Item 2 of this Amendment presently has the power to vote or to direct the vote or to dispose or direct the disposition of any of the Ordinary Shares that they may be deemed to beneficially own.
 
(c) Except as disclosed in this Amendment, none of the Reporting Persons nor, to the best of their knowledge, any of the other persons named in Item 2 of this Amendment has effected any transaction in Ordinary Shares during the past 60 days.
 

 
ITEM 6
Contracts, Arrangements, Understandings or Relationships with respect to Securities of the Issuer
 
The response to Item 4 above is hereby incorporated by reference in its entirety into this Item 6.


 
ITEM 7
Materials to be Filed as Exhibits
 
Item 7 of the Schedule 13D is hereby amended and supplemented by adding the following at the end of Item 7:

Exhibit
Description
   
99.46
Agreement of Joint Filing, dated as of July 2, 2007, incorporated by reference to the Original Schedule 13D.
   
99.47
Joinder Agreement, dated as of September 24, 2010, incorporated by reference to Amendment No. 19.
   
99.48
Second Joinder Agreement, dated as of October 18, 2011, incorporated by reference to Amendment No. 23.
   
99.49
Press Release, dated August 12, 2012 (filed herewith).
   
99.50
Agreement of Merger, dated as of August 12, 2012, by and among Sun Pharmaceutical Industries Limited, Alkaloida Chemical Company Exclusive Group Ltd., Aditya Acquisition Company Ltd., and Taro Pharmaceutical Industries Ltd. (filed herewith).

 
 
 
 
 
 
        
SIGNATURE
 
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
 
Dated:
    
August 13, 2012
      
  SUN PHARMACEUTICAL INDUSTRIES LIMITED
         
         
  By:   /s/ Sudhir V. Valia  
  Name: Sudhir V. Valia  
  Title:  Director  
         
       
  SUN PHARMA GLOBAL, INC
         
         
  By:   /s/ Harin Mehta  
  Name: Harin Mehta  
  Title:  Director  
         
       
  ALKALOIDA CHEMICAL COMPANY EXCLUSIVE GROUP LIMITED
         
         
  By:   /s/ Harin Mehta  
  Name: Harin Mehta  
  Title:  Director  
         
       
  SUN PHARMACEUTICAL INDUSTRIES, INC.
         
         
  By:   /s/ Jayesh M. Shah  
  Name: Jayesh M. Shah  
  Title:  Authorized Signatory  
         
         
  THE TARO DEVELOPMENT CORPORATION
         
         
  By:   /s/ Rajesh Shah  
  Name: Rajesh Shah  
  Title:  Authorized Signatory  
         
  
  
 
 
 
 
        
EXHIBIT INDEX
 
Exhibit
Description
   
99.46
Agreement of Joint Filing, dated as of July 2, 2007, incorporated by reference to the Original Schedule 13D.
   
99.47
Joinder Agreement, dated as of September 24, 2010, incorporated by reference to Amendment No. 19.
   
99.48
Second Joinder Agreement, dated as of October 18, 2011, incorporated by reference to Amendment No. 23.
   
99.49
Press Release, dated August 12, 2012 (filed herewith).
   
99.50
Agreement of Merger, dated as of August 12, 2012, by and among Sun Pharmaceutical Industries Limited, Alkaloida Chemical Company Exclusive Group Ltd., Aditya Acquisition Company Ltd., and Taro Pharmaceutical Industries Ltd. (filed herewith).