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Piramal Healthcare to invest in BlueBird

Issue No. 12 | June 16-30, 2012

Indian pharmaceutical giant Piramal Healthcare is to invest in Israeli unmanned air systems manufacturer BlueBird. Piramal plans to establish a new defence subsidiary, and its initial investment could potentially lead to it signing deals with other Israeli companies, sources say. Its agreement with BlueBird follows the Israeli manufacturer’s previous pact with India’s Dynamatic Technologies.

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