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Granules India gets nod to increase FII limit to 49%

05 Jul 2017 Evaluate

Granules India has received an approval to increase the present limit of FII / FPIs shareholding in the company to 49% of the total paid-up equity share capital of the company. The board of directors at their meeting held on July 5, 2017, has approved for the same.

Granules India, the Hyderabad-head quartered company, manufactures active pharmaceutical ingredients, pharmaceutical formulation intermediates and finished dosages. It intends to increase its global presence with a firm base and operations in the US.

Peers
Company Name CMP
Sun Pharma. Inds. 1762.95
Dr. Reddys Labs. 1338.50
Cipla 1357.00
Lupin 1998.00
Zydus Lifesciences 1186.00
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