Cipla Ltd.

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Large Cap | Pharmaceuticals & Drugs
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Cipla inks pact to acquire 33% partnership interest in Clean Max Auriga Power LLP

Date: 15-12-2021

Cipla has entered into an LLP Agreement and other definitive Agreements to acquire up to 33% partnership interest in Clean Max Auriga Power LLP, in line with the commitment to enhance the share of renewable power source in its operation and to comply with regulatory requirement for being a ‘captive user’ under electricity laws.

Post-acquisition, Clean Max Auriga Power LLP will become an associate of Cipla. Clean Max Auriga Power LLP is a special purpose vehicle engaged in the business of production, supply, and distribution of Solar and Wind or other renewable Energy generation plant.

Cipla is a global pharmaceutical company which uses cutting edge technology and innovation to meet the everyday needs of all patients.