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Cipla’s arms complete sale of entire 51.18% stake in CQCIL

15 Nov 2023 Evaluate

Cipla’s wholly owned subsidiaries -- Cipla (EU), UK and Meditab Holdings, Mauritius, have completed the sale of entire 51.18% stake held in Cipla Quality Chemical Industries (CQCIL), Uganda on November 14, 2023 for final consideration amount of $25 million. Accordingly, CQCIL has now ceased to be a subsidiary of the company with effect from November 14, 2023.

Cipla is a global pharmaceutical company which uses cutting edge technology and innovation to meet the everyday needs of all patients.


Peers
Company Name CMP
Sun Pharma. Inds. 1760.00
Dr. Reddys Labs. 1231.85
Cipla 1325.00
Lupin 1955.80
Zydus Lifesciences 1124.30
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