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Cipla executes facility demand guarantee for extending general banking facilities

18 Nov 2023 Evaluate

Cipla has executed a Facility Demand Guarantee of South African Rand (ZAR) 945 million on November 17, 2023 in favour of First Rand Bank, South Africa (acting though its Rand Merchant Bank division) for extending general banking facilities to Medpro Pharmaceutica (Pty), step down wholly owned subsidiary of the Company in South Africa.

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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