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Cipla's South African subsidiary completes acquisition of Mirren

Franchise India Bureau
Franchise India Bureau Oct 24 2018 - 0 min read
Cipla's South African subsidiary completes acquisition of Mirren
Cipla Medpro South Africa (Pty) Ltd has completed the acquisition of 100% stake in South African firm Mirren.

Cipla's South African subsidiary has acquired pharma firm Mirren (Pty) Ltd.

Cipla Medpro South Africa (Pty) Ltd has completed the acquisition of 100% stake in South African firm Mirren.

In July, Cipla had informed that its South African arm had signed an agreement to wholly acquire Mirren for a cash consideration of South African Rand 450 million to be paid on closing of the transaction. 

Cipla Medpro is a fully-owned subsidiary of Cipla Ltd, a Mumbai-based company.

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