The Cabinet Committee on Economic Affairs (CCEA) has approved pharmaceutical major Lupin’s proposal to raise the foreign institutional investment limit to 49% from 33%. With this, the company is expected to attract Rs 6,099 crore.
Lupin is an innovation led transnational pharmaceutical company producing and developing a wide range of branded and generic formulations as well as biotechnology products and APIs globally. The Company is a significant player in the Cardiovascular, Diabetology, Asthma, Pediatric, CNS, GI, Anti-Infective and NSAID space and holds global leadership positions in the Anti-TB and Cephalosporin segment.