Cipla Ltd.

BSE: 500087 | NSE: CIPLA
Large Cap | Pharmaceuticals & Drugs
1350.00
-3.00 (-0.22%)
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Cipla’s arms complete sale of entire 51.18% stake in CQCIL

Date: 15-11-2023

Cipla’s wholly owned subsidiaries -- Cipla (EU), UK and Meditab Holdings, Mauritius, have completed the sale of entire 51.18% stake held in Cipla Quality Chemical Industries (CQCIL), Uganda on November 14, 2023 for final consideration amount of $25 million. Accordingly, CQCIL has now ceased to be a subsidiary of the company with effect from November 14, 2023.

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