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Cipla receives nod for Cipla Medpro's takeover

29 Jun 2013 Evaluate

Cipla, a drug-maker received an approval from the Takeover Regulation Panel for its proposal to takeover Medpro in South Africa. The operative date of the scheme is expected to be mid-July and from July 16, the shares of Medpro are expected to be delisted from JSE. The company has also received approval from shareholders of Cipla Medpro to Cipla’s $488 million offer to acquire 100 per cent stake in it.

The company focuses on development of new formulations and has a wide range of pharmaceutical products. It offers prescription drugs, bulk drugs, animal products and pesticides. It also offers a wide range of food and beverages, baked foods, oral hygiene products, detergents, room fresheners and personal care products.

Cipla Share Price

1238.30 7.55 (0.61%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Sun Pharma Inds. 1675.20
Dr. Reddys Lab 1235.40
Cipla 1238.30
Zydus Lifesciences 942.55
Lupin 2324.25
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