Cipla gains nearly 5% after $14 million deal

Posted By: Religare
Subscribe to GoodReturns

Shares of Cipla rose nearly 5 per cent in early trade on Bombay Stock Exchange (BSE) after the pharmaceutical company said it has acquired 60% stake in a new company in Sri Lanka for $14 million (nearly Rs 85 crore) to market its product in the country.

The shares of company rose as much as 4.40 per cent to trade at Rs 431 a piece on the BSE.

In a similar fashion, shares of the company rose 4.37 per cent to Rs 431 a piece on National Stock Exchange.

Meanwhile, the broader benchmark Sensex was quoting at 25,526.92, up 5.73 points or 0.02 per cent at 10.59 hours.

Read more about: cipla
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'