CIPLA LTD. - Updates on Subsidiary Company

Cipla Ltd has informed BSE that Cipla (Mauritius) Limited, a wholly owned subsidiary of the Company has signed a definitive agreement with the Companys existing Sri Lankan distributor for acquisition of 60% stake in a new company which will market the Companys products in Sri Lanka. The consideration payable for the transaction is USD 14 million.<br/><br/>The proposed acquisition is subject to regulatory approvals.<br/>