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.