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Cipla to divest its entire 51% stake in Saba Investment, UAE

May 16,2023

Cipla has entered into a binding term sheet to sell its entire stake of 51% held in Saba Investment, UAE (Saba) to Shibam Group Holding, UAE.

Consequent to the sale, upon executionof the transaction, Saba and its subsidiaries viz Cipla Middle East Pharmaceuticals FZ LLC, UAE (CME) and Cipla Medica Pharmaceutical and Chemical Industries, Yemen (Cipla Medica), will cease to be subsidiaries of the Company.

22,147.00 151.15 (0.69%)

73,088.33 599.34 ( 0.83%)

47,574.15 504.70 ( 1.07%)

33,368.30 -130.35 ( -0.39%)

15,282.01 -319.49 (-2.05%)

37,986.40 211.02 (0.56%)

16,224.14 -161.73 (-0.99%)

37,068.35 -1,011.35 (-2.66%)

83.63 0.04 (0.05%)

89.02 0.23 (0.26%)

104.11 0.15 (0.15%)

0.54 0.00 (0.05%)