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Home News Cipla acquires South Africa-based firm for ZAR 26 mn

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Cipla acquires South Africa-based firm for ZAR 26 mn

Cipla acquires South Africa-based firm for ZAR 26 mn

Saturday, April 1, 2017, 1:30 PM

Pharma major Cipla today said its arm Medpro South Africa (Pty) Limited has signed an agreement to acquire 100 per cent stake in Anmarate (Pty) Limited, South Africa, for around ZAR 26 million. Anmarate (Pty) Limited has a turnover of ZAR 2.5 million for the financial year ending on February 29, 2016, Cipla Ltd said in a BSE filing.
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