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News Details

( 26 Mar 2018)
Cipla - Diversification/Disinvestment

Cipla Limited has informed the Exchange that with reference to company's letter dated June 08, 2017, the closing conditions in relation to disinvestment of entire 99% equity stake held by Company?s joint venture company in UAE i.e. Saba Investment Limited in Al Jabal for Drugs and Medical Appliances Company Limited, Yemen (?AJDMS?) have been fulfilled. Consequently, AJDMS have ceased to be subsidiary of Saba Investment Limited with effect from March 26, 2018.