Ethiopia allots land to Kilitch Drugs India arm on lease Drug firm Kilitch Drugs India's arm Kilitch Estro Biotech Plc has been alloted land in Ethiopia on 45 years lease by the Ethiopian Bureau of Rural Land and Environmental Protection for an undisclosed sum. | 1 Comments Drug firm Kilitch Drugs India 's arm Kilitch Estro Biotech Plc has been alloted land in Ethiopia on 45 years lease by the Ethiopian Bureau of Rural Land and Environmental Protection for an undisclosed sum. The land ad-measuring 4,317.5 sq meters in Oromia Special Zone in Ethiopia has been alloted to Kilitch Estro Biotech Plc, the company's subsidiary, by Bureau of Rural Land and Environmental Protection, Kilitch Drugs India said in a filing to BSE today. The firm was selected amongst more than 80 companies who took part in the said process, it added. Shares of Kilitch Drugs India today closed 19.94 per cent up at Rs 40.60 ascrip on BSE.
Read more at: http://www.moneycontrol.com/news/business/ethiopia-allots-land-to-kilitch-drugs-india-armlease_7518621.html?utm_source=ref_article
Read more at: http://www.moneycontrol.com/news/business/ethiopia-allots-land-to-kilitch-drugs-india-armlease_7518621.html?utm_source=ref_article
Kilitch Drugs up 20% after Ethiopia allots land for pharma unit Kilitch Drugs (India) shares were locked at 20 percent upper circuit at Rs 40.60 on Monday after Ethiopia government allotted land to its subsidiary for setting up pharma unit. Moneycontrol Bureau Kilitch Drugs (India) shares were locked at 20 percent upper circuit at Rs 40.60 on Monday after Ethiopia government allotted land to its subsidiary for setting up pharma unit. "...announces allotment of land admeasuring 4317.5 square meters located in Oromia special zone by the Bureau of Rural Land and Environmental Protection, Federal Democratic Republic of Ethiopia to Kilitch Estro Biotech Plc," the Maharashtra-based healthcare company in its filing. The government has allotted land on a lease for a period of 45 years. "This will also help to strengthen the presence of Kilitch in East Africa as Ethiopia is the third most populous nation in African continent after Nigeria and Egypt," the company said. At 15:16 hours IST, there were pending buy orders of 44,939 shares, with no sellers available on the Bombay Stock Exchange. Posted by Sunil Shankar Matkar Tags Kilitch Drugs (India) Kilitch Estro Biotech Plc EthiopiaRead more at: http://www.moneycontrol.com/news/buzzing-stocks/kilitch-drugs20-after-ethiopia-allots-land-for-pharma-unit_7517961.html?utm_source=ref_article
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