In what could come as a major setback for foreign pharma multinationals looking to invest in Brownfield projects in India, the high-level committee under Prime Minister Manmohan Singh that met last week on the issue of pharma FDI has re-inserted the clause on technology transfer.
The fertiliser company National Fertilizers Limited (NFL) plans for an FPO which could be coming up anytime soon. Satish Chandra, CMD of NFL, in an interview with Udayan Mukherjee, said that the company plans to raise Rs 100 crore through the IPO which will be an equity contribution.