CIPLA LTD. - Updates

Cipla Ltd has informed BSE that the Company has entered into a definitive agreement to sell its entire 25% stake in Biomab Holding Limited, Hong Kong ("BHL") to Biomab Brilliant Limited, British Virgin Islands which holds the remaining 75% stake in BHL, for a total consideration of USD 25,775,000.<BR><BR>The closing of the transaction is subject to conditions precedent and receipt of applicable regulatory and other approvals.