Merck parent to form 100% subsidiary

Merck Holding Gmbh (a wholly-owned subsidiary of Merck KGaA, Germany) has submitted an application to the  Foreign Investment Promotion Board (FIPB) to set up a 100% subsidiary in India.

According to a release issued by Merck to the BSE today, Merck KGaA, Germany, through affiliates, hold 51% share capital of the company.