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Funding Parabolic Drug co expansion

Our Bureau

New Delhi, Sept. 5

Parabolic Drugs Ltd (PDL), manufacturer of Active Pharmaceutical Ingredients (API) and API intermediates, has secured $1 million from Mauritius-based FII Minivet Ltd for a 4.9 per cent equity stake in the company, a company release said. This funding will facilitate expansion of its operations in Semi Synthetic Steriles and Cephalosporin for regulated markets, the company said.

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