Den Network, Glenmark, Cipla end lower; FIPB approves investment proposals

NEW DELHI: Shares of Den Network, Cipla and Glenmark Pharmaceuticals surged up to 7 per cent after the Foreign Investment Promotion Board (FIPB) Cipla and Glenmark Pharmaceuticals surged up to 7 per cent after the Foreign Investment Promotion Board (FIPB) approved foreign investment proposals for the respective companies.

At 4:08, Den Network ended higher by 0.4%, Cipla lower by 3% and Glenamrk Pharma 1%.

Meanwhile, shares of Glenmark Pharma rose 2.05 per cent intraday as it received approval for investment of Rs 3.34 crore.

Cipla, too, gained 1.81 per cent intraday after the pharma giant got an approval for foreign investment inflow of Rs 145.22 crore from the inter-ministerial panel.