MUMBAI: Indian drug and chemicals maker Merck Ltd., a unit of Germany's Merck KGaA, is looking for acquisitions in India and abroad to strengthen its portfolio and boost sales, a senior official said on Friday.
"We need to grow. We are looking at acquisitions of both brands as well as businesses, depending upon the kind of opportunities available," R.L. Shenoy, a director at Merck Ltd., told Reuters.
He did not specify how much the company planned to spend on acquisitions, but said it would use its reserves worth 2.5 billion rupees to help fund them.
"We are looking at acquisitions in the area of diabetics, oncology and cough and cold medicines," he said.
Statistics
SUPPORT (183 Members) . GROW (7 Association). PROMOTE (Visitors from 14 Countries).
(Check The Site's Statistics)
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment