The company sees a very big potential in Africa for animal vaccines, Hester Biosciences said in a BSE filing.
"The company's board has approved an investment of USD 3 million by way of equity in its wholly-owned subsidiary company - Hester Biosciences Africa Ltd, Tanzania, with an objective to manufacture animal vaccines and health products, to cater to whole African continent", it added.
The amount would be raised through internal accruals of Hester India, Hester Biosciences said.
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