Mumbai-based Cipla Ltd has acquired 60% stake in a Sri Lanka-based company for $14 million. The company, name of which was not yet disclosed, would market Cipla's products in the country, Cipla said on Tuesday.
Cipla entered this transaction through its wholly owned subsidiary - Cipla (Mauritius) Limited.
Last year, Cipla had acquired its distribution partner in South Africa - Cipla Medpro South Africa - Ltd for around $512 million.
Shares of Cipla were closed at Rs 412.85, down by 0.18% on BSE.
|Gold Rate in Chennai||Rs. 28130.00 (0.21%)|
|Gold Rate in Mumbai||Rs. 28900.00 (0.31%)|
|Gold Rate in Delhi||Rs. 28400.00 (0%)|
|Gold Rate in Kolkata||Rs. 28710.00 (0%)|
|Gold Rate in Kerala||Rs. 27500.00 (0%)|
|Gold Rate in Bangalore||Rs. 27450.00 (0%)|
|Gold Rate in Hyderabad||Rs. 28100.00 (0%)|