Home>Topics>>UPDATE 1-GSK spends $900 mln to lift stake in India consumer arm
UPDATE 1-GSK spends $900 mln to lift stake in India consumer arm
Reuters: Healthcare
Tue, 5 Feb 2013
LONDON, Feb 5 (Reuters) - GlaxoSmithKline Plc has lifted its stake in its publicly-listed Indian consumer healthcare subsidiary to 72.5 percent from 43.2 percent, deepening its footprint in emerging markets and non-prescription products.
Morningstar 2012 International-Stock Fund Manager of the Year Rajiv Jain expects continued earnings growth for the less popular growth stories of tobacco and Indian consumer stocks.