SII paid Rs 3,000 cr for 50% stake in SCHOTT Kaisha
IANS -
IANS has learned that of the Rs 3,000 crore, Rs 1,500 crore each went to the two promoters, Dadachanji and Mistry. Earlier, while the deal was announced on August 17, the amount was not disclosed. When contacted, SII responded by saying "no comments".
SII to invest 240M pounds in UK to expand vaccine business
IANS -
The Serum Institute of India (SII) will invest 240 million pounds in the UK to expand its vaccine business and create multiple jobs in the country. The investment is part of the 1 billion-pound India-UK Enhanced Trade Partnership that will create nearly 6,500 jobs in Britain. The investment by the Adar Poonawalla-run SII will also see opening of a new sales office in the UK.
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