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.
| Company Name | CMP |
|---|---|
| Sun Pharma Inds. | 1675.20 |
| Dr. Reddys Lab | 1235.40 |
| Cipla | 1238.30 |
| Zydus Lifesciences | 942.55 |
| Lupin | 2324.25 |
| View more.. | |
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