Date:02/06/2007 URL: http://www.thehindubusinessline.com/2007/06/02/stories/2007060202640300.htm

Back Jubilant completes acquisition of Hollister-Stier

Our Bureau

New Delhi June 1 Jubilant Organosys Ltd on Friday announced that it has completed the acquisition of Hollister-Stier Laboratories.

The purchase price of $122 million and the reimbursement for the capacity augmentation programme of $18.7 million has been financed through cash-on-hand from an earlier FCCB issue and also by leveraging Hollister's balance sheet.