 "Plastic packaging for pharmaceuticals")
Goldencross Pharma Pvt Ltd, a wholly-owned subsidiary of Cipla Ltd, has entered into a definitive agreement to sell its 100 percent stake in Four M Propack Ltd, which makes plastic bottles & containers for pharmaceutical industry, to Shriji Polymers India Ltd for Rs 13.5 crores and an addition sum derived on the basis of the value of mutual funds, cash & bank balance, tax refunds, etc estimated at around Rs 5.7 crores.
Four M Propack, which has a facility in Baddi (Himachal Pradesh), manufactures PET bottles and HDPE containers & closures. The facility complies with the required cGMP and DMF for
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