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Novartis India gets FIPB nod to sell OTC biz to GSK CPL

Last Updated: Friday, August 28, 2015, 19:32

The Foreign Investment Promotion Board (FIPB) has approved the proposal made by GSK CPL to acquire the company's OTC division, Novartis India said in a BSE filing.

Novartis okays OTC unit sale to GSK Consumer for Rs 109.7-cr

Last Updated: Tuesday, January 13, 2015, 19:15

Novartis India's board on Tuesday approved the sale of its OTC division to GlaxoSmithKline Consumer Pvt Ltd, a consumer healthcare joint venture between Novartis AG and GSK, for a consideration of Rs 109.7 crore.