Latest News | Granules India Board Gives Nod to Set Up Subsidiary in Hyderabad

New Delhi, Nov 9 (PTI) Drug firm Granules India on Monday said its board has approved a proposal to set up a subsidiary in Hyderabad to build a greenfield facility for formulations business.

"The Board of Directors at their meeting has approved to incorporate a wholly-owned subsidiary of the company in Hyderabad, India to build a greenfield facility for formulations business," Granules said in a regulatory filing.

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The company, however, did not share more details.

Shares of Granules India Ltd were trading 0.69 per cent higher at Rs 373.50 on BSE.

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)