Thursday, June 14, 2007

Jubilant completes acquisition of Hollister-Stier

Jubilant Organosys Ltd on Friday announced that it has completed the acquisition of Hollister-Stier Laboratories.
The purchase price of $122 million and the reimbursement for the capacity augmentation programme of $18.7 million has been financed through cash-on-hand from an earlier FCCB issue and also by leveraging Hollister's balance sheet.

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