GSK Stake in Local Arm Now Exceeds 50 Percent Post Buyback

June 3, 2005

GlaxoSmithKline Pharmaceuticals (GSK) has started its buyback programme on Thursday by acquiring around a 1.5 percent stake (13,23,951 shares) from the open market for a consideration of Rs 106 crore. With this, foreign holding in the company has crossed 50 percent.

()a href="http://economictimes.indiatimes.com/articleshow/1130797.cms" target="_blank">The Economic Times