Financial Daily from THE HINDU group of publications
Saturday, Jan 07, 2006
Financial Daily from THE HINDU group of publications Saturday, Jan 07, 2006 |
|
|
|
|
|
|
|
Corporate
-
Alliances & Joint Ventures GVK Bio, Dai-Ichi form jt venture Our Bureau
Hyderabad , Jan. 6 GVK Biosciences Pvt Ltd announced that it has joined hands with Dai-Ichi Karkaria, a speciality chemicals manufacturer, to set up a joint venture company - Inogent Laboratories Pvt Ltd. Dai-Ichi Karkaria's pharma business unit in Hyderabad was transferred on a slump sale basis into a joint venture company. The joint venture would have 80 per cent stake of GVK Bio and its associates and 20 per cent equity stake from Dai-Ichi. In a press release here on Friday, GVK Biosciences said Inogent would be engaged in the business of process development, custom synthesis, scale up and manufacture of new chemical entities and pharmaceutical intermediates. Commenting on the development, the GVK Bio Chairman, Mr Davinder Singh Brar, said, "This tie-up takes us closer to our vision of being an integrated research services company as Inogent enables us to address the needs of chemical development of our clients."
More Stories on : Alliances & Joint Ventures
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2006, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|