Epic Update : Cipla

Cipla, a drug-maker received an approval from the Takeover Regulation Panel for its proposal to takeover Medpro in South Africa. The operative date of the scheme is expected to be mid-July and from July 16, the shares of Medpro are expected to be delisted from JSE. The company has also received approval from shareholders of Cipla Medpro to Cipla’s $488 million offer to acquire 100 per cent stake in it.   

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