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.
|Chennai||Rs. 24500.00 (-0.33%)|
|Mumbai||Rs. 25480.00 (-0.08%)|
|Delhi||Rs. 25200.00 (0%)|
|Kolkata||Rs. 25000.00 (0%)|
|Kerala||Rs. 24400.00 (-0.41%)|
|Bangalore||Rs. 24450.00 (0%)|
|Hyderabad||Rs. 24580.00 (0%)|