Business Standard

Cipla's South African arm completes acquisition of Brandmed

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Cipla announced that its wholly owned subsidiary Cipla Medpro South Africa has completed closing of transaction and acquired 30% stake in Brandmed.

Out of the total upfront cash consideration payment of ZAR 65 mn, ZAR 50 mn has been paid and balance will be paid over a period of next 12 months.

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First Published: Apr 27 2019 | 6:26 PM IST

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