GSK Pharma soars as parent co plans to hike stake - The New Indian Express

GSK Pharma soars as parent co plans to hike stake

Published: 16th December 2013 11:19 AM

Last Updated: 16th December 2013 11:19 AM

GlaxoSmithKline Pharmaceuticals (GSK Pharma) shares soared on Monday after media reports stated that its parent global drug maker GlaxoSmithKline plans to raise its stake in its Indian unit to up to 75% from 50.7% through an open offer in a deal worth about 629 million pounds.

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