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Merck seeks shareholder nod for hiving off unit

MUMBAI: Merck on Friday said it was seeking shareholders approval through a postal ballot for selling its Life Science and Analytics business to Merck Specialties Pvt. Ltd. for a consideration of Rs. 99.20 crore. Postal ballot forms duly completed should reach the scrutiniser on or before February 20 and the results would be announced on February 27, the company informed the Bombay Stock Exchange.

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