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

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RELIANCE 1337.30 [ +2.68% ]TCS 2578.25 [ -1.77% ]

278.18 0.90%

85.35 0.90%

292.89 2.06%

237.53 1.60%

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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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