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CCEA approves foreign investments worth Rs 2,022 crore in Glenmark Pharmaceuticals

08 Apr 2015 Evaluate

The Cabinet Committee on Economic Affairs (CCEA) has approved foreign investments in Glenmark Pharmaceuticals. The company has increased the foreign investment limit by FIIs from 35.07% to 49%. This will result in an inflow of about Rs 2,022 crore.

Apart from manufacturing pharmaceuticals, the company is also engaged in Research and Development activities in drugs. Glenmark Pharmaceuticals is a $1 billion Indian pharmaceutical company, with a global presence with manufacturing facilities in India, Europe and South America.


Peers
Company Name CMP
Sun Pharma. Inds. 1766.45
Dr. Reddys Labs. 1193.70
Cipla 1310.10
Lupin 1954.15
Zydus Lifesciences 1117.80
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