Granules India board gives nod to set up subsidiary in Hyderabad

New Delhi, Nov 9: Drug firm Granules India on Monday said its board has approved a proposal to set up a subsidiary in Hyderabad to build a greenfield facility for formulations business.
“The Board of Directors at their meeting has approved to incorporate a wholly-owned subsidiary of the company in Hyderabad, India to build a greenfield facility for formulations business,” Granules said in a regulatory filing.
The company, however, did not share more details.
(PTI)