Cipla to invest ZAR 900 million in equity share capital of South Africa subsidiary

Mumbai: Cipla has announced that the Company will invest approx. ZAR 900 million in equity share capital of Cipla Medpro South Africa Proprietary Limited, a wholly-owned subsidiary of the Company in South Africa (“CMSA”).

CMSA, is a wholly owned subsidiary of Cipla Limited, and is the holding company for the group operations in South Africa.The group is involved in the manufacturing, marketing, and supply of pharmaceutical products.

The investment will be utilised to reduce inter-group debt and improve the capital structure of CMSA and its subsidiaries.

The transaction is expected to be completed on or before 28th February 2025 or such other date mutually agreed between the parties.

Medical Dialogues team had earlier reported that Cipla Limited had obtained regulatory approval from Central Drugs Standard Control Organisation (CDSCO) for the exclusive distribution and marketing of Afrezza (insulin human) Inhalation Powder in India.

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Established in 1935, Cipla is a global pharmaceutical company focused on agile and sustainable growth, complex generics, and deepening portfolio in its home markets of India, South Africa, North America, and key regulated and emerging markets. It has strengths in the respiratory, anti-retroviral, urology, cardiology, anti-infective, and CNS segments. It has 47 manufacturing sites around the world which produces 50+ dosage forms and 1,500+ products using cutting-edge technology platforms to cater to its 80+ markets.

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