Pfizer (NYSE:PFE) has decided to sell its animal health business unit in India.

Pfizer (NYSE:PFE) Selling Animal Health Unit

The Indian unit of drug maker Pfizer (NYSE:PFE) said that its board has approved the sale of its animal health division to a wholly owned unit for about $90 million.

Pfizer (NYSE:PFE) said in a filing, “The Board of Directors of the company, at its meeting held on February 6, 2012, has approved the sale of its animal health division by way of a slump sale to its wholly-owned subsidiary in consideration of approximately Rs 440 crore ($90 million).”

Pfizer Inc. (NYSE:PFE) stocks are currently standing at 21.05.

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