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Cipla’s arm acquires additional 15.10% stake in Cipla Maroc SA

28 Nov 2023 Evaluate

Cipla’s wholly owned subsidiary -- Cipla (EU) has completed acquisition of additional 15.10% in the Cipla Maroc SA, Morocco, (JV Co.), from The Pharmaceutical Institute (PHI) for a consideration of Moroccan Dirham 81.1 million on November 24, 2023. 

Accordingly, Cipla EU will now hold 75.10% stake in the JV Co. and balance 24.90% stake will be held by Societe Marocaine De Cooperation Pharmaceutique (CooperPharma).

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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