Tuesday, March 18, 2025 | 06:21 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Caplin Point Laboratories signs co-operation agreement with Hainan Jointown, China

Image

Capital Market
Caplin Point Laboratories has signed Co-operation agreement with Hainan Jointown Pharmaceuticals Group, a US$11 billion publicly-traded distribution company in China. This joint venture will focus on trading and manufacturing of various Pharmaceutical products between China, India and South America, for sustainable growth in the short, medium and long term.

Caplin will hold 39% stake in the JV which will have an initial Equity of USD 2 million, however, it has been agreed between the parties that the entire business arising out of this entity will be routed through Caplin and/or its subsidiary.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 06 2018 | 3:36 PM IST

Explore News