The board of Marksans Pharma has decided to enter into share purchase agreement with Hale Group, U.K. for acquiring its entire share capital along with its subsidiary company Bell, Sons & Co. (Druggists) and authority to Mark Saldanha, managing director to execute the same. The above acquisition shall be through companies 100% subsidiary, Marksans Pharma U.K.
Month: January 2008
Foreign Investors View about India in 2008
Here is what various Foreign Institutional Investors think about India.
Citigroup Report says,
Given the current infrastructure deficit and above 90% capacity utilization ratios in many key industries, we expect the rapid pace of investment to continue into 2008. Consumption has slowed due to interest rate tightening, favorable demographics, increasing penetration of retail credit and untapped rural potential indicate the consumption story is still alive. India has potential to further lift its trend growth level and remain one of the fastest-growing economies in the region. But moving to a higher growth trajectory entails addressing a number of challenges.
Read On [PDF]
No Entry Load – New Year Bonanza
The SEBI has finally tackled the cartel of AMCs which included ICICI, Reliance, HDFC, HSBC and other Mutual Fund houses which came together in June-06 and started charging entry loads of 2.25% on open ended mutual fund investment schemes. Our Analyst had written to SEBI, Finance Ministry and AMFI complaining the same. [PDF] We are releasing the Copy of the Letter.
SEBI has now directed Mutual Fund houses that starting from Jan-4th all Direct investments [internet submitted to the AMC, collection centre or investor service centre] in Mutual Funds will have no entry load.
Buy Carol Info Services
Carol Info Services Limited (CISL) is a subsidiary of Khorakiwala Holdings and Investments Private Limited. Pursuant to a scheme of arrangement, the pharmaceutical business of the Company was demerged into Wockhardt Limited with effect from January 01, 2000. CISL, formerly known as Wockhardt Life Sciences Ltd is currently engaged in contract manufacturing in the nutrition industry. Its plant in Lalru, Punjab manufactures neutraceutical and other milk-based products for Wockhardt Ltd. (more…)