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

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.

Cipla to acquire South African firm Medpro

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.