Granules India board gives nod to set up subsidiary in Hyderabad

Drug firm Granules India on Monday said its board has approved a proposal to set up a subsidiary in Hyderabad to build a greenfield facility for formulations business. Shares of Granules India Ltd were trading 0.69 per cent higher at Rs 373.50 on BSE.


PTI | New Delhi | Updated: 09-11-2020 11:05 IST | Created: 09-11-2020 10:46 IST
Granules India board gives nod to set up subsidiary in Hyderabad
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Drug firm Granules India on Monday said its board has approved a proposal to set up a subsidiary in Hyderabad to build a greenfield facility for formulations business. "The Board of Directors at their meeting has approved to incorporate a wholly-owned subsidiary of the company in Hyderabad, India to build a greenfield facility for formulations business," Granules said in a regulatory filing.

The company, however, did not share more details. Shares of Granules India Ltd were trading 0.69 per cent higher at Rs 373.50 on BSE.

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

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