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GlaxoSmithKline Pharmaceuticals rises on completing transaction with Novartis

01 Oct 2015 Evaluate

Glaxosmithkline Pharmaceuticals is currently trading at Rs. 3343.00, up by 3.60 points or 0.11% from its previous closing of Rs. 3339.40 on the BSE.

The scrip opened at Rs. 3352.40 and has touched a high and low of Rs. 3371.00 and Rs. 3322.90 respectively. So far 334 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3825.00 on 05-Aug-2015 and a 52 week low of Rs. 2650.60 on 17-Oct-2014.

Last one week high and low of the scrip stood at Rs. 3380.00 and Rs. 3279.30 respectively. The current market cap of the company is Rs. 28367.04 crore.

The promoters holding in the company stood at 75.00% while Institutions and Non-Institutions held 11.50% and 13.50% respectively.

GlaxoSmithKline Pharmaceuticals (GSK India) has completed its transaction with Novartis Healthcare (Novartis India), where GSK India acquires Novartis’ vaccines business and divests its marketed oncology portfolio to Novartis India. This follows a global transaction between GlaxoSmithKline plc, UK (GSK) and Novartis AG, Switzerland (Novartis) which was completed in March 2015 on the same basis.

The acquisition of the vaccines business of Novartis provides GSK with an exciting opportunity to build an even stronger, sustainable global vaccines business. The transaction will enhance GSK’s vaccines portfolio and bring together its expertise in virology, bacterial infection and technological platforms to deliver a reliable supply of high quality vaccines.

GlaxoSmithKline Pharmaceuticals is a subsidiary of GlaxoSmithKline plc, one of the world's leading research-based pharmaceutical and healthcare companies, committed to improving the quality of human life by enabling people to do more, feel better and live longer.

Glaxosmithkline Phar Share Price

2451.80 32.70 (1.35%)
17-Apr-2026 16:59 View Price Chart
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