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Merck Holding plans subsidiary

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MUMBAI: Merck Holding Gmbh, a wholly-owned subsidiary of Merck KGaA, Germany, has submitted an application to the Foreign Investment Promotion Board to set up a 100 per cent subsidiary in India. Merck KGaA through its affiliates holds 51 per cent equity in its Indian arm, Merck Ltd. No more details were available on the German company's plans for India.

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