GSK CPL to buy Novartis India OTC business after FIPB Nod
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Novartis India has recently reported to be selling its OTC business to GlaxoSmithKline Consumer Pvt Ltd (GSK CPL) after receiving the approval from FIPB approval.
The Foreign Investment Promotion Board (FIPB) has approved the proposal made by GSK CPL to acquire the company's OTC division, Novartis India said in a BSE filing. Novartis will now proceed to conduct the transaction, as reported by PTI.
The Foreign Investment Promotion Board (FIPB) has approved the proposal made by GSK CPL to acquire the company's OTC division, Novartis India said in a BSE filing. Novartis will now proceed to conduct the transaction, as reported by PTI.
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