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GSK Pumps In $1 Billion To Raise Equity In Indian Pharma Subsidiary

This article was originally published in PharmAsia News

Executive Summary

GSK said it will infuse $1 billion to purchase shares and raise its stake in its Indian arm to 75%, the highest limit allowed in India. Brushing aside the growth setback in the last few months, the British firm reaffirmed a long view of the Indian health care market.

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