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Shares in Glenmark Pharmaceuticals Ltd shot up 4 per cent in early trade on Monday. Singapore's state investment arm Temasek has said it will invest about $151 million in Glenmark.
“Assuming the entire equity infusion to be used to repay debt, interest cost would reduce by 25 pct for FY16 and FY17,” IndiaNivesh said.
At 10.45 am, the stock was quoting at Rs 890.40, up 2.92 per cent or Rs 25.25 on the NSE.
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