GlaxoSmithKline (GSK) To Unload 60-Acre Property In India
4/18/2014 8:36:23 AM
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GlaxoSmithKline Pharmaceuticals Ltd is looking to sell its 60-acre property in Thane district. Realty experts have pegged the value of the land in the range of Rs 1,600 to Rs 1,800 crore. “We are doing remediation of the soil and when it is almost over we will try and sell the land if we can find a buyer during the next one year,” GlaxoSmithKline Pharmaceuticals chairman DS Parekh said, while addressing shareholders during the company’s annual general meeting on Thursday.
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