Cipla`s arm Enters into agreement with Shriji Polymers

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Leading pharma giant, Cipla Ltd has said that Goldencross Pharma Private Limited, wholly owned subsidiary of Cipla Limited has entered in to a definitive agreement to sell its 100 per cent equity stake in Four M Propack Limited, India to Shriji Polymers (India) Limited ("Shriji Polymers") for a consideration of Rs.13.5 crores and an additional sum derived on the basis of the value of mutual funds, cash and bank balance, tax refunds, etc. 

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at the time of closing estimated at around Rs.5.7 crores. Cipla is a global pharmaceutical company whose goal is to ensure that no patient shall be denied access to high quality & affordable medicine and support. 

Meanwhile, shares of the company were trading at Rs 584.55 apiece, up 0.51 per cent from the previous.

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