Pfizer retains stake in Indian JV with Parke-Davis
Pfizer will retain a 40% stake in the joint unit to be formed afterthe proposed merger of Pfizer and Parke-Davis India, expected to be completed next year. Hocine Sidi Said, Pfizer India's managing director, said that there are no plans to buy back shares or hike the parent company's stake beyond 40% in the combined business after the merger.
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