022 24172311
Sections
Search
DealCurry
Equity
Venture Capital
Private Equity
M&A

Banner
DataBoard Demo
Mergers & Acquisitions | 22 November 2012

Cipla To Acquire Majority Stake In Cipla Medpro

by Charmi Gutka
Cipla To Acquire Majority Stake In Cipla Medpro
Share on Social Media Email Facebook Twitter Linkedin
 
@Charmi

Cipla Limited is in preliminary discussions and have made an indicative proposal of acquiring approximately a 51% stake in Cipla Medpro South Africa Limited for a total consideration of $220 Mn.

The acquisition will help Cipla to integrate the marketing arm in South Africa with its manufacturing, regulatory and research units.

Johannesburg listed Cipla Medpro is a distributor Cipla Ltd.’s products in South Africa and in some neighboring countries.

Cipla Limited currently does not hold any stake in Cipla Medpro. Medpro used to source 80% of its products from Cipla, and the companies agreed Medpro would use the brand name of Cipla for selling products in Africa.

IncuCapital Invests In Genetic Diagnostic Firm - Navigene

IncuCapital Invests In Genetic Diagnostic Firm - Navigene

VC firm IncuCapital invested an undisclosed amount in Navigene Genetic Science Private Limited.

Read More...

Aviva PLC, buys an additional 23 per cent in Indian venture

Aviva PLC, buys an additional 23 per cent in Indian venture

Aviva PLC, buys an additional 23 per cent stake in its Indian joint venture, Aviva Life Insurance Co. India Ltd., for about Rs 940 crore from Dabur Invest Corp. The transaction values Aviva Life at nearly Rs 4,087 crore. The deal was made in one of the foreign direct investment (FDI) proposals green-signaled by the government on7th March. Post the deal, Aviva Plc’s stake has reached to 49 per cent in the joint venture, the country's maximum permitted foreign direct investment limits.

Read More...
Subscribe
Enter your Email address
to receive all the news