SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

GlaxoSmithKline Plc to hike stake in GlaxoSmithKline Pharmaceuticals

16 Dec 2013 Evaluate

GlaxoSmithKline Plc (GSK) is planning to hike its stake in its Indian pharmaceutical unit GlaxoSmithKline Pharmaceuticals to up to 75% from 50.7% through an open offer in a deal worth about 629 million pounds ($1.02 billion).

GSK would buy up to 20.6 million shares of the company at Rs 3,100 a share, a premium of 26 per cent over its closing market price on Friday. The company said that it planned to keep the Indian unit listed even after raising the stake.

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.

Glaxosmithkline Phar Share Price

2426.60 7.50 (0.31%)
17-Apr-2026 09:34 View Price Chart
Peers
Company Name CMP
Sun Pharma Inds. 1689.00
Dr. Reddys Lab 1219.00
Cipla 1232.20
Zydus Lifesciences 939.65
Lupin 2327.00
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×