Dec. 16, 2013 2:41 a.m. ET
MUMBAI—GlaxoSmithKline PLC launched a bid Monday to increase its stake in its separately listed Indian unit to increase its exposure to the fast growing economy.
GSK launched an open offer to buy an extra 24.33% stake in the unit, GlaxoSmithKline Pharmaceuticals Ltd., with the aim of raising its holding to 75%. The company said it would pay 3,100 rupees a share, a 26% premium over the unit's closing share price Friday, giving the deal...
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