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S&P
BSE SENSEX
74,339.44
+486.50
+0.66 %
Corporate Announcement
Security Code
500087
Company
Cipla Ltd
Exchange Disseminated Time
Updates |
1/18/2017 5:27:31 PM
Cipla Ltd has informed BSE that Goldencross Pharma Private Limited, wholly owned subsidiary of Cipla Limited (the "Company"), has entered in to a definitive agreement to sell its 100% equity stake in Four M Propack Limited, India ("Four M Propack") to Shriji Polymers (India) Limited ("Shriji Polymers") for a consideration of Rs.13.5 crores and an additional sum derived on the basis of the value of mutual funds, cash and bank balance, tax refunds, etc. at the time of closing estimated at around Rs.5.7 crores.
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