FDC’s promoters are reportedly planning to sell their 67 per cent stake in the company. A combined 2.58 million shares of pharmaceutical company have already been exchanged on the counter in morning deals against an average sub 100,000 shares that were traded daily in past two weeks on both the exchanges.
FDC made a modest beginning in 1936, with marketing of vitamins and a range of prescription formulations. FDC set up its first formulations manufacturing facility in 1949. Subsequently, in 1963, FDC pioneered the manufacture of specialized ophthalmic formulations in India.
