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Aurobindo Pharma to invest Rs 5.65 cr in JV Tergene Biotech

Capital Market 

Increasing its stake in Tergene Biotech from 60% to 80%

Pharma announced that Tergene Biotech is a 60:40 joint venture between the Company and promoters of Tergene. As agreed among the JV Partners, the Company will increase its stake in Tergene Biotech from 60% to 80% by subscribing additional 56,50,000 equity shares of Rs.10 each at par aggregating to Rs.5.65 crore.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, August 09 2017. 23:07 IST
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