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Corporate Announcement
  • Security Code500087
    CompanyCIPLA LTD.
    Exchange Received Time14/03/2023 18:23:44
    Exchange Disseminated Time14/03/2023 18:23:44
    Time Taken00:00:00
     
     
     Announcement under Regulation 30 (LODR)-Diversification / Disinvestment | 3/14/2023 6:23:44 PM 
     In compliance with the provisions of Regulation 30 of the SEBI Listing Regulations, we hereby notify that the Company and its wholly owned subsidiaries, Cipla (EU) Limited, UK and Meditab Holdings Limited, Mauritius, have entered into a Share Purchase Agreement with Africa Capitalworks SSA 3 on 14th March 2023 for sale of 51.18% stake held in Cipla Quality Chemical Industries Limited (CQCIL), Uganda. Subsequent to the sale, CQCIL will cease to be a subsidiary of the Company. Details required to be disclosed under the SEBI Listing Regulations, 2015 read with Circular No. CIR/CFD/CMD/4/2015 dated 9th September 2015 have been provided in Annexure - I to this letter. 
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