Renata buying Tk 20cr land for expansion Star Business Report Star Business Report
Renata, one of the leading drug makers, is going to invest nearly Tk 20 crore in purchasing land as part of its expansion plans to cater to domestic and international markets.
The company said its board had decided to buy over two acres of land and a 74,082 square feet building from Sajida Foundation at Kaliakoir, Gazipur.
The purchase cost excludes registration, said Renata in a posting on Dhaka Stock Exchange (DSE). We are buying the land as part of our expansion, said Company Secretary Zubayer Alam. Renata shares declined 0.74 per cent to Tk 1,160 yesterday at the DSE.