Akzo Nobel now majority shareholder in Infar
05 June 1996 00:00 [Source: ICB]
Akzo Nobel is to increase its equity stake in the Indian pharmaceutical company Infar from 40% to 51%. Formerly Organon India, Infar has factories in Calcutta and Gujarat. In 1982 Akzo Nobel decreased its participation from 49% to 40% due to restrictions forced by the Foreign Exchange Regulations Act which have since been lifted.
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