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UBS downgrades Cipla to ''sell''; shares fall

Last Updated: Tuesday, May 20, 2014, 11:46

Shares of Cipla Ltd fall after UBS downgrades the stock to "sell" from "buy" and reduces its target to 370 rupees from 470 rupees citing "weak" earnings outlook despite "premium" valuations.

Cipla completes buyout of Cipla Medpro for Rs 2,707 cr

Last Updated: Tuesday, July 16, 2013, 15:45

Drug major Cipla on Tuesday said it has completed the buyout process of South African pharma firm Cipla Medpro for an aggregate consideration of Rs 2,707 crore.

Expect completion of Cipla Medpro takeover by mid July: Cipla

Last Updated: Friday, June 28, 2013, 16:15

The acquisition of South African firm would help Cipla further strengthen its position in the African continent.

Cipla receives nod from SA authorities to acquire Cipla Medpro

Last Updated: Thursday, June 20, 2013, 19:49

Drug major Cipla Ltd Thursday said it has received approval from the authorities of South African and Botswana for the USD 512 million takeover offer to acquire Cipla Medpro.

Cipla Medpro shareholders approve buyout by Cipla

Last Updated: Wednesday, May 15, 2013, 18:03

Earlier this year, Cipla had offered to pay 10 rand per share to acquire 100 percent of Cipla Medpro for a consideration of around USD 512 million.

CCI to probe Cipla, 4 others for anti-competitive practices

Last Updated: Thursday, May 09, 2013, 17:35

Fair trade regulator Competition Commission is probing allegation of anti-competitive practices against five entities related to pharmaceutical industry, including drug maker Cipla.

Doubts over Cipla India's takeover bid of S African unit

Last Updated: Thursday, March 28, 2013, 08:36

The success of CMSA has been largely due to the deal with Cipla India, which recently made an offer of R10 per share.

'Cipla's offer to buy out likely to get shareholder approval'

Last Updated: Tuesday, March 05, 2013, 23:18

An offer by Indian pharma giant Cipla to buy 100 percent of Cipla Medpro in South Africa is expected to be approved by shareholders at a meeting scheduled for April 30, says a top company official.

Cipla to acquire South African firm Medpro

Last Updated: Saturday, March 02, 2013, 09:30

Johannesburg-listed Medpro is South Africa's third largest generic drug firm. The board of Cipla Medpro has endorsed the deal and asked shareholders to vote for the cash offer.

Cipla offers over Rs 1,200 cr to acquire 51% in Cipla Medpro

Last Updated: Wednesday, November 21, 2012, 17:47

In a filing to the BSE, Cipla said it is "in preliminary discussions and has made an indicative proposal in relation to the acquisition of an approximately 51 percent stake in Cipla Medpro South Africa Ltd".

Cipla Medpro CEO Jerome Smith quits amid misconduct charges

Last Updated: Tuesday, October 09, 2012, 13:51

South Africa-based drug maker Cipla Medpro Tuesday said its chief executive Jerome Smith has quit the company.

Cipla Medpro chief executive suspended

Last Updated: Monday, August 20, 2012, 16:17

The suspension of a top official of pharmaceutical giant Cipla Medpro will not impact relationship with Cipla in India, with which it has an supply agreement, according to the board of Cipla Medpro.