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In what could be billed as the second biggest pharma takeover bid this year, Reckitt Benckiser, the world’s biggest maker of household cleaners, has agreed to buy the Indian ointments and personal care firm Paras Pharma for Rs 3,260 crore ($ 724 million).

Paras, an Ahmedabad- based privately- held firm, makes BoroSoft moisturising skin cream and Zatak deodorant, non-prescription (or over- the- counter) medications like Moov

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