Shares of
Granules India was trading in the flat zone in the noon trade 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 green field facility for formulations business,” Granules said in the filing.
The stock is currently trading at Rs370, down by Rs0.95 or 0.26% from its previous closing of Rs370.95 on the BSE. The scrip opened at Rs373.90 and has touched a high and low of Rs375 and Rs366.05 respectively.