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Outcome of board meeting of Bliss GVS Pharma

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Capital Market

Held on 26 October 2016

Bliss GVS Pharma announced that the Board of Directors of the Company at its meeting held on 26 October 2016 have transacted the following -

The Board informed that Bliss GVS Healthcare, the Kenyan step down subsidiary of the Company has won an Annual Contract worth USD 38.76 million for a period of two years, from a consortium of leading insurance firms in Kenya for provision of in-patient and out-patient health care services for approximately 125000 principle members and their dependents.

The Board also approved the terms and conditions of the loan proposal of Rs 68 crore from IDFC/ ICBC Bank. The Board forwarded the loan proposal for review of audit committee.

 

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First Published: Oct 27 2016 | 9:25 AM IST

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