Updated:26 May 2017 03:31:00 PM(IST)
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|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.