www.fdanews.com/articles/72328-av-birla-group-plans-to-acquire-biotech-company
AV Birla Group Plans to Acquire Biotech Company
May 16, 2005
The AV Birla group is keen on acquiring a biotech company and is likely to close a deal in the next three months. The Rs 30,000-crore conglomerate wants to get into the sunrise biotech sector, and it hopes to get a headstart by acquiring a smaller niche product company in the field, preferably a start-up. According to highly-placed sources, the group has been in talks with some companies, both in the US and in India.
The Economic Times (http://economictimes.indiatimes.com/articleshow/1111124.cms)