Home
IFC to invest $15 mn in Mumbai pharma firm
Bombay News.Net
Friday 4th July, 2008 (IANS)
International Finance Corp (IFC), a World Bank arm, will invest $15 million in Mumbai-based pharmaceutical outsourcing company Hikal by way of equity participation.
The equity will be offered on a preferential allotment basis to finance Hikal's expansion plans, the company said in a regulatory statement Friday.
Hikal specialises in crop protection products and specialty chemicals, and exports active pharmaceutical ingredients and intermediates to the US, Europe and Japan.
Hikal's crop protection facilities are located at Taloja and Mahad in Maharashtra. It also has a research centre in Bangalore and pilot plant facilities at Taloja.
 Email this story to a friend
Have your say on this story
|
 |
 |
- Pandher let off by CBI in new Nithari charge sheet
Ghaziabad, Jan 6 (IANS) The Central Bureau of Investigation (CBI) in its 16th charge sheet in the Nithari serial killings filed in a court here Tuesday has let off Maninder Singh Pandher. [read story]
- Charges against Goa minister in rape case may be dropped
Panaji, Jan 6 (IANS) The Goa police are likely to drop the charge against state Education Minister Atanasio Monserrate of abetting his son Rohit, charged of raping a 14-year-old minor German tourist. [read story]
- India's Somdev through to Chennai Open second round
Chennai, Jan 6 (IANS) Somdev Devvarman advanced to the second round of the Chennai Open tennis with a 6-3, 6-3 win against American Kevin Kim here Tuesday keeping Indian interest alive as in the $450,000 tournament. [read story]
- States' cooperation must for anti-terror agency: NGO
New Delhi, Jan 6 (IANS) The newly constituted National Investigation Agency (NIA) can work only if it has the cooperation of the states, the Commonwealth Human Rights Initiative (CHRI), an international NGO, has told all chief ministers and urged them to join hands in fighting terror. [read story]
- Mortgaged shares' sale reduces Satyam promoters' holding
Bangalore, Jan 6 (IANS) The sale of mortgaged shares of Satyam promoters by Infrastructure Leasing and Financial Services (IL&FS) has further reduced their minority holding in the beleaguered IT bellwether, a company official said Tuesday. [read story]
|
|
 |
 |
|
|
