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Corporate Announcement
  • Security Code500087
    CompanyCipla Ltd
    Exchange Received Time27/04/2019 14:49:38
    Exchange Disseminated Time27/04/2019 14:49:43
    Time Taken00:00:05
     
     
     Announcement under Regulation 30 (LODR)-Updates on Acquisition | 4/27/2019 2:49:39 PM 
     This is further to our letter dated 16th April 2019, we hereby notify that the Company''s wholly owned subsidiary Cipla Medpro South Africa (Pty) Limited has completed closing of transaction and acquired 30% stake in Brandmed (Pty) Limited. Out of the total upfront cash consideration payment of ZAR 65 mn, ZAR 50 mn has been paid and balance will be paid over a period of next 12 months. 
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