Date:09/01/2006 URL: http://www.thehindubusinessline.com/2006/01/09/stories/2006010902630300.htm

Back Cargill India to pick up 51% stake in Matrix Biosciences

Our Bureau

New Delhi , Jan. 8

THE Foreign Investment Promotion Board (FIPB) has cleared Cargill India's proposal to pick up a 51 per cent controlling stake in Hyderabad-based Matrix Biosciences Ltd, according to sources.

Matrix is a player in the animal and aquaculture feed manufacturing segment. Cargill India is a wholly-owned subsidiary of Cargill Mauritius.