December 7, 2006
The media had reports on December 06, 2006 that Glenmark Pharmaceuticals Ltd. is close to acquiring a branded generics company in Central Europe.
The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company.
Glenmark Pharmaceuticals Ltd. has vide its letter inter-alia stated "We would like to inform you that the Company at its Analyst Meet held on November 02, 2006 had informed that one of its key target milestones for FY 2007 is to conclude one acquisition in Europe."
Source: National Stock Exchange of India Limited
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