Serum offers Rs 25 lakh compensation to families of dead in fire accident

Cyrus S Poonawalla, chairman and MD of Serum Institute of India, on Thursday said the vaccine major will offer a compensation of Rs 25 lakh in addition to the mandated amount to families of persons who died in a fire at the company's premises in Pune.

Five men died after a fire broke out in a five-storeyed under-construction building at the firm's Manjari premises in Pune on Thursday.

All were construction workers whose bodies were recovered by fire brigade personnel from the fifth floor, police said, adding nine others were evacuated from the spot.