Latest


GSK proposal to bring in Rs.6,390 crore FDI cleared

  •   Thu, Feb 20 2014 03:19:37 PM

New Delhi, Feb 20 (IANS): The Cabinet Committee on Economic Affairs Thursday approved a proposal of GlaxoSmithKline Pte Limited, Singapore, to acquire 24.33 percent in the subsidiary company of the GSK Group in India.

The approval would result in foreign investment of around Rs.6,390 crore in the country.

The acquisition would be made by way of a voluntary open offer under SEBI (SAST Regulations) in the pharmaceutical sector, said an official release.

  

Top Stories

Mangaluru: First Neuro Hospital gets global recognition from WSO

  •   6 hours ago    1

Leave a Comment

Title: GSK proposal to bring in Rs.6,390 crore FDI cleared



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.

You might also like