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Foreign Institutional Investors (FIIs) have reduced shareholding in Cipla. FIIs shareholding decreased 47 bps to 23.32% at the end of March 2014 quarter from 23.79% as on Dec. 31, 2013.
Cipla said a sharp drop in consolidated net profit for the quarter ended December 2013. During the quarter, the profit of the company declined 16.46% to Rs 2,843.10 million from Rs 3,403.10 million in the same quarter last year.