Cipla to acquire 33 percent stake in Clean Max Auriga Power

Mr. Kedar Upadhye, President & Global CFO, Cipla, said, "ESG is at the centre of focus at Cipla and with this acquisition we are progressing on the right track of being purposeful by embedding sustainability into our businesses. It is a testament to our commitment of using cleaner, renewable sources of energy and it fuels our ambition of enabling a greener environment"

Commenting on the development, Ms. Geena Malhotra, Global Chief Technology Officer who spearheads Cipla's ESG agenda said, "This acquisition is in line with our steady efforts towards progressing on goals that we have set out to achieve in the ESG space. Sustainability is at the core of Cipla and while we have miles to go in this path that we have undertaken to achieve our ESG goals, we are gradually moving towards it through such acquisitions and partnerships."

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Cipla Limited is an Indian multinational pharmaceutical and biotechnology company, headquartered in Mumbai, India. The Company was founded by Khwaja Abdul Hamied in 1935 in Mumbai.

Cipla primarily develops medicines to treat respiratory, cardiovascular disease, arthritis, diabetes, weight control, depression, and other medical conditions.

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