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Cipla surges on signing agreements to acquire 21.85% stake in GoApptiv

  • bitnet infotech
  • June 10, 2020
  • 5:20 am

Cipla is currently trading at Rs. 646.55, up by 6.65 points or 1.04% from its previous closing of Rs. 639.90 on the BSE.

The scrip opened at Rs. 646.60 and has touched a high and low of Rs. 650.50 and Rs. 642.15 respectively. So far 36460 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 669.65 on 05-Jun-2020 and a 52 week low of Rs. 356.75 on 13-Mar-2020.

Last one week high and low of the scrip stood at Rs. 669.65 and Rs. 633.50 respectively. The current market cap of the company is Rs. 52085.11 crore.

The promoters holding in the company stood at 36.68%, while Institutions and Non-Institutions held 40.61% and 22.71% respectively.
Cipla has signed agreements to acquire shares representing 21.85% stake in GoApptiv on a fully diluted basis. Through an equity investment, the company will strengthen its partnership with GoApptiv so as to enable widening reach of its key brands in the Tier 3+ towns through GoApptiv’s solutions for end-to-end brand marketing and channel engagement.

Cipla is a global pharmaceutical company which uses cutting edge technology and innovation to meet the everyday needs of all patients.

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