Corporate Announcement
Security Code : 500087    Company : CIPLA    
Signs Definitive Agreement 
  Exchange Disseminated Time     
Cipla Ltd has informed BSE that the Company has signed a definitive agreement with its existing Iranian distributor for setting up a manufacturing facility in Iran. The total contribution from the Company over the next 3 years will include machinery, equipment, technical know-how and is expected to be approximately INR 225 crore for a 75% stake.

The proposed investment is subject to completion of certain conditions precedent and applicable regulatory approvals.


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