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<h1>GlaxoSmithKline Singapore Gains Approval to Acquire 24.33% Shares in Indian Subsidiary, Brings Rs. 6390 Crore Investment.</h1> The Cabinet Committee on Economic Affairs has approved GlaxoSmithKline Pte Limited, Singapore's proposal to acquire 24.33% shares in its Indian subsidiary through a voluntary open offer under SEBI regulations. This acquisition in the pharmaceutical sector will result in a foreign investment of approximately Rs. 6390 crore in India.