Cabinet okays sale of Indias first pharma firm


NEW DELHI: In the second strategic sale approval in over 12 years, the Cabinet today cleared the sale of India's first pharma company Bengal Chemicals and Pharmaceuticals Ltd as well as Hindustan Antibiotics Ltd after selling their surplus land.

The Cabinet headed by Prime Minister Narendra Modi also approved closure of Indian Drugs and Pharmaceuticals Ltd (IDPL) and Rajasthan Drugs and Pharmaceuticals Ltd (RDPL).  

 

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12/30/2016 3:58:27 PM