SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

GSK pays Rs 6,400 crore to increase stake in GSK Pharma to 75%: Report

10 Mar 2014 Evaluate

GlaxoSmithKline (GSK) has reportedly paid Rs 6,400 crore to raise its stake in its Indian pharmaceuticals unit -- GlaxoSmithKline Pharmaceuticals (GSK Pharma) -- to 75%, as it banks on rising demand for medicines in emerging markets.

The Britain’s biggest drug-maker first announced plans to lift the holding in GSK Pharma from 50.7% in December 2013. It held an open offer to buy the extra shares at Rs 3,100 each from February 18 to March 5. Moreover, final payment for shares tendered and accepted will be completed by March 20.

As on December 2013, the promoters holding in the company stood at 50.67%, while institutions and non-institutions held 33.97% and 15.36% stake 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.

Glaxosmithkline Phar Share Price

2432.10 -19.70 (-0.80%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Sun Pharma Inds. 1668.00
Dr. Reddys Lab 1232.25
Cipla 1228.90
Zydus Lifesciences 936.35
Lupin 2328.60
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:

×