CIPLA LTD. - Signs Definitive Agreement

Cipla Ltd has informed BSE that the Company has signed a definitive agreement with its existing Iranian distributor for setting up a manufacturing facility in Iran. The total contribution from the Company over the next 3 years will include machinery, equipment, technical know-how and is expected to be approximately INR 225 crore for a 75% stake.<br/><br/>The proposed investment is subject to completion of certain conditions precedent and applicable regulatory approvals.