GlaxoSmithKline Plc plans to buy additional 31.8 percent stake in its Indian consumer products arm for about Rs 5,220 crore. GlaxoSmithKline plans to raise its stake in GlaxoSmithKline Consumer Healthcare Ltd to 75% from 43.2%, paying Rs 3,900 per share through an open offer. The transaction represents step in GSK's strategy to invest in the world's fastest growing markets.
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