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FIPB clears Baxter Healthcare-Claris Injectible deal worth Rs 4,020 cr

FIPB clears Baxter Healthcare-Claris Injectible deal worth Rs 4,020 cr

Monday, April 17, 2017, 9:15 PM

The Foreign Investment Promotion Board (FIPB) on Monday cleared Baxter Healthcare's deal to acquire India-based Claris Injectibles. The board approved four foreign direct investment (FDI) proposals including Baxter Healthcare's deal worth Rs 4,020 crore, a senior government official said.The remaining three applications from Panacea Publishing and Vodafone Mobile Services were also approved by the board, the official said.
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