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 Corporate - Mergers & Acquisitions


Cargill India to pick up 51% stake in Matrix Biosciences

Our Bureau

New Delhi , Jan. 8

THE Foreign Investment Promotion Board (FIPB) has cleared Cargill India's proposal to pick up a 51 per cent controlling stake in Hyderabad-based Matrix Biosciences Ltd, according to sources.

Matrix is a player in the animal and aquaculture feed manufacturing segment. Cargill India is a wholly-owned subsidiary of Cargill Mauritius.

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