Cipla completes stake sale in Biomab Holding.

Industry:    2016-01-25

Drug major Cipla today announced completion of selling its entire holding in Hong Kong-based Biomab Holding to Biomab Brilliant for $ 2.5 million. The company on January 22, 2016 completed the transfer formalities in relation to the divestment of its entire 25 per cent stake held in Biomab Holding Limited, Hong Kong, Cipla said in a BSE filing. “Consequently, the Company ceases to hold any stake in Biomab,” it added. In October last year, Cipla had entered into an agreement to sell i .. Read more at: http://economictimes.indiatimes.com/articleshow/50688397.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

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