GlaxoSmithKline Pharmaceuticals’ promoter is reportedly planning to increase stake in the company. The parent company will hike the stake through voluntary open offer. The promoters holding in the company stood at 50.67% while Institutions and Non-Institutions held 34.17% and 15.16% in the company, respectively.
GlaxoSmithKline Pharmaceuticals is one oldest pharmaceutical company in India. Internationally it has created many brands such as Ribena, Horlicks, Lucozade, Aquafresh, Sensodyne, Panadol, Tums and Zovirax, among others. It employs 5,000 people and has turnover of more than $1 billion in India.
