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Cipla increases stake in consumer health biz to 100%, looks for tie-ups

The drug maker had set up a separate company with private equity investment in FY2016 to tap the fast growing over the counter medicine portfolio

An employee works at the reception area of Cipla at its headquarters in Mumbai
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Cipla headquarters in Mumbai

Aneesh Phadnis Mumbai
Cipla is increasing its stake in its consumer health business to 100 per cent and is looking for tie ups with e-pharmacies for sales growth in the domestic market. On Wednesday the company announced it is acquiring a 26 per cent stake held by private equity firm Eight Roads Investments Mauritius Limited for Rs 350 crore to assume full control of Cipla Health.  

The drug maker had set up a separate company with private equity investment in FY2016 to tap the fast growing over the counter medicine portfolio. The business includes well known brands like nicotine replacement therapy gum
Topics : Cipla

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