GSK raises stake in Indian arm to 72.5%

Drug major GlaxoSmithKline Plc (GSK) has increased stake in its Indian subsidiary GlaxoSmithKline Consumer Healthcare Ltd to 72.5 per cent in a transaction worth Rs 4,800 crore (Rs 48 billion).In a......

FIs turn down Glaxo's open-offer price

Financial institutions, led by Life Insurance Corporation, have declined to participate in the open offer made by GlaxoSmithKline (GSK) for its Indian subsidiary GlaxoSmithKline Consumer......

GSK to spend $904 mn to lift stake in India arm

London-based GlaxoSmithKline on Monday announced a $940-million (Rs 5,220-crore) open offer to raise its stake in its consumer products company in India - GlaxoSmithKline Consumer Healthcare - from......

GSK Consumer Healthcare makes open offer for 31.8%

UK-based Healthcare and drug major on Monday today said it has offered to hike stake in its Indian subsidiary, GlaxoSmithKline Consumer Healthcare, to up to 75 per cent which would entail an outgo......