You are here: Home » Companies » News
Business Standard

Granules India divests entire stake in JV Biocause Pharmaceutical

Shares of Granules India Ltd were trading at Rs 146 a piece on BSE

Press Trust of India  |  New Delhi 

FPI, Foreign portfolio investors, investors, corporate, companies, shareholders, stake, stock
Illustration by Binay Sinha

Ltd on Tuesday said it has divested its entire stake in Granules-Biocause Pharmaceutical Co Limited, a joint venture company located in China.

Last year, had intimated about the of the entire stake of the JV company for a total consideration of RMB 109 million (around Rs 110.8 crore).

"... the transaction is completed and Granules-Biocause Pharmaceutical Co Limited ceased to be the joint venture company of Limited," Granules India said in a regulatory filing.

Shares of Granules India Ltd were trading at Rs 146 a piece on BSE, up 0.41 per cent from the previous close.

First Published: Tue, February 04 2020. 11:30 IST
RECOMMENDED FOR YOU