Lupin‘s Board of Directors has approved to increase the limit of investments by Foreign Institutional Investors (FIIs) in the equity share capital of the Company from 33% to 49%, subject to approval of the Members. Reserve Bank of India and any other approvals as may be required.
Approval of the Members shall be obtained at the forthcoming Annual General Meeting
The company’s net profit grew by 56.70% at Rs 1260.43 crore for the year ended March 31, 2013 as compared to Rs 804.37 crore for the year ended March 31, 2012. Its total income has increased by 32.61% to Rs 7145.82 crore for the year from Rs 5388.32 crore for the previous year.
