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.
| Company Name | CMP |
|---|---|
| Sun Pharma Inds. | 1675.20 |
| Dr. Reddys Lab | 1235.40 |
| Cipla | 1238.30 |
| Zydus Lifesciences | 942.55 |
| Lupin | 2324.25 |
| View more.. | |
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