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Cipla has said that the government has given approval to the investment by Mauritius-based FIL Capital Investments in its subsidiary, Cipla Health Ltd.
Cipla informed in a BSE filing that “…It appears that the government has, based on the recommendations of the Foreign Investment Promotion Board, approved the proposed investment by FIL Capital Investments (Mauritius) II Ltd in Cipla Health Ltd, subsidiary of the company.”
It further added that the investment is still subject to other conditions precedent and the transfer of company’s consumer healthcare business to Cipla Health Ltd.
