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Updated:24 Apr 2017 03:31:00 PM(IST)

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Bse Corporate Announcements Back
Cipla signs definitive agreement with Iranian distributor
Cipla announced 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 Rs 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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