RPG Life Sciences to revamp operations

BUSINESS STANDARD, KOLKATA, 14.06.2007

RPG Life Sciences today announced that it would restructure its operations by selling its pharmaceutical business to a new outfit, RPG Pharmaceuticals, and transferring its subsidiary, Instant Trading and Investment Company, to the investment firm, Instant Holdings. The total consideration for the two deals has been fixed at Rs 99 crore and the payment is to be made in the form of shares.