Cipla Ltd.

Cipla’s wholly owned subsidiary, Cipla (Mauritius), has signed a definitive agreement with company’s existing Sri Lankan distributor for acquisition of 60% stake in a new company which will market the company’s products in Sri Lanka. The company has paid a consideration of $14 million for this transaction. However, the acquisition will be subject to regulatory approvals.

Cipla is a global pharmaceutical company which uses cutting edge technology and innovation to meet the everyday needs of all patients. For more than 70 years, Cipla has emerged as one of the most respected pharmaceutical names in India as well as across more than 170 countries.