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Cipla to buy Cipla Medpro for Rs. 1100 Crores

Cipla has agreed to acquire South African drugmaker Cipla Medpro which makes the international business a lot bigger. With this acquisition this business in India makes up more than half of its quarterly revenues. For Cipla, South Africa now would become their second largest drug market.

Cipla Logo

Cipla Logo

According to the chairman and manging director of the company, they will make South Africa their priority market. They will do their best to establish good business in the country instead of giving the opportunity to the Chinese.

The acquisition would do well for Cipla Medpro and it’s stakeholders for their CEO was suspended few months ago. This suspension led to uncertainties in the company.

Cipla Medpro Logo

Cipla Medpro Logo

The company was able to regain the confidence of the market as it was acquired by Cipla. Companies today are definitely doing their best to expand and make their name known to others. With this acquisition there will surely be a lot to come for Cipla.

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