The government on Wednesday approved foreign direct investment of up to Rs 9,589 crore in Suven Pharmaceuticals Ltd. by Cyprus-base Berhyanda Ltd.
The approval is for the acquisition of up to 76.1% of the equity shares of Suven Pharma by Berhyanda Ltd., based in Cyprus, according to a release by the Cabinet Committee on Economic Affairs on Wednesday.
This would bring the total foreign investment to 90.1% in Suven Pharma.
Cabinet approves foreign investment of up to Rs 9589 crore in Suven Pharma devdiscourse.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from devdiscourse.com Daily Mail and Mail on Sunday newspapers.
CCEA approves Berhyanda s Rs 10K crore FDI into Suven Pharma uniindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from uniindia.com Daily Mail and Mail on Sunday newspapers.
PTT Global Chemical Plc (PTTGC), the petrochemical arm of national oil and gas conglomerate PTT Plc, has announced an investment in UK-based startup Interface Polymers, a developer of chemical additives to improve the recyclability and performance of key polymers.