Ethiopia allots land to Kilitch Drugs India arm on lease
Drug firm Kilitch Drugs India's arm Kilitch Estro Biotech Plc has been alloted land in Ethiopia on 45 years lease by the Ethiopian Bureau of Rural Land and Environmental Protection for an undisclosed sum.
The land ad-measuring 4,317.5 sq meters in Oromia Special Zone in Ethiopia has been alloted to Kilitch Estro Biotech Plc, the company's subsidiary, by Bureau of Rural Land and Environmental Protection, Kilitch Drugs India said in a filing to BSE today.
The firm was selected amongst more than 80 companies who took part in the said process, it added.
Shares of Kilitch Drugs India today closed 19.94 per cent up at Rs 40.60 ascrip on BSE.
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First Published: Sep 26 2016 | 4:57 PM IST