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Updated:21 Apr 2017 03:31:00 PM(IST)

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RELIANCE 1402.50 [ +2.41% ]TCS 2310.80 [ -0.63% ]

-57.09 -0.19%

-17.00 -0.19%

2.43 0.02%

38.23 0.25%

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Outcome of board meeting of Cipla
Cipla announced that the Board of Directors of the Company at its meeting held on 20 July 2015, approved a potential investment by FIL Capital Investments (Mauritius) II Limited, or any of its affiliate in a wholly owned subsidiary of Cipla (proposed to be incorporated) to whom Cipla will be divesting its consumer healthcare business on a going-concern basis.

The approval is subject to execution of binding agreements, and the transaction will be subject to relevant regulatory approvals. None of the persons belonging to Promoter / Promoter Group(s) of the Company has any interest in the transaction.

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