GlaxoSmithKline Pharmaceuticals Ltd appoints GoApptiv Pvt Ltd as super stockist

GlaxoSmithKline Pharmaceuticals Limited today executed an Agreement with GoApptiv Private Limited, appointing them as super stockiest, for distribution of select non promoted brands.

The tie up with them will simplify the operating model and accelerate volume growth by utilizing partner networks to broaden our reach and access to the patients. This tie-up will have no impact on any other brands of the Company.

Shares of GlaxoSmithKline Pharmaceuticals Limited was last trading in BSE at Rs. 2538.65 as compared to the previous close of Rs. 2525.20. The total number of shares traded during the day was 5722 in over 1595 trades.

The stock hit an intraday high of Rs. 2596.55 and intraday low of 2525.35. The net turnover during the day was Rs. 14671184.00.

Source : Equity Bulls

Keywords

GlaxoSmithKlinePharmaceuticals INE159A01016 Agreement Appointment GoApptiv SuperStocking NonPromotedBrands