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21 October, 2017 21:39 IST
Cipla's arm inks pact to sell 99% stake in AJDMA
Source: IRIS | 09 Jun, 2017, 09.52AM
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Cipla's subsidiary, Saba Investment has entered into an agreement to sell its entire 99% equity stake in Al Jabal for Drugs and Medical Appliances Company, Yemen (AJDMA) to Khalil Ghaleb Ali Al-Jabal.

The company has entered into an agreement for sale on June 7, 2017 and the transaction is expected to be closed within 35 days from Effective Date.

Total volume of shares traded on the bourses today was lower by 89.04% to 197,205 compared with 22-day average volume of 1,798,950.

Shares of the company declined Rs 2.2, or 0.4%, to trade at  Rs 546.75.  The total volume of shares traded  was  26,966 at the BSE (9.43 a.m., Friday).



Cipla Limited   (Q,N,C,F)*

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