Ocimum Biosolutions

Hyderabad, Dec 16 (UNI) Ocimum Biosolutions, a leading biotech company which acquired Isogen Life Science, a Netherlands company last month, today exchanged the acquisition documents and investment papers in the presence of the Andhra Pradesh Chief Minister Y S Rajasekhara Reddy.

Ocimum would invest 26.5 million dollar in biotechnology, which would be used to acquire Oligo business in Europe and integrate them with its operations in India, besides setting up a lab in the Genome valley here.

The company had raised 6.5 million dollar in equity and debt from International Finance Corporation (IFC) to fund the acquisition and for setting up a new lab, a press release said here.

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