<article>SAIF Partners has sold more stake in Speciality Restaurants Ltd for $1.3 million while Cipla Ltd is acquiring South African company Anmarate Pty Ltd for $1.8 million.</article>

SAIF Partners has sold more stake in Speciality Restaurants Ltd for $1.3 million while Cipla Ltd is acquiring South African company Anmarate Pty Ltd for $1.8 million.
<h3>SAIF Partners divests stake in Speciality Restaurants for $1.3m</h3>
Venture capital firm <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=saif" target="_blank">SAIF Partners</a> has sold 2 per cent stake in <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=speciality+restaurants" target="_blank">Speciality Restaurants Ltd</a> for Rs 8.2 crore ($1.3 million), according to a regulatory filing. Following this, SAIF owns 14.84 per cent stake in the public-listed company.
Two weeks ago, the VC firm had trimmed a 2 per cent stake in the restaurant chain.
Speciality Restaurants operates Mainland China, Oh! Calcutta, Sigree and Sigree Global Grill, Haka, Machaan, Flame &amp; Grill and others.
<h3>Cipla to buy South African pharma co Anmarate for $1.8m</h3>
<a style="color: #000080;" href="http://www.dealstreetasia.com/?s=cipla" target="_blank">Cipla Ltd</a>, India’s second largest drug maker by revenue, through its unit Cipla Medpro South Africa Pty Ltd, is acquiring Anmarate for ZAR 26.25 million ($1.8 million) in cash. The deal is expected to close by April 14, 2017.
The deal amount could increase to as much as ZAR30 million subject to post-closing adjustment of working capital, the company said in a stock market disclosure.
The acquisition will strengthen Cipla&#8217;s market position in South Africa.
Last month, Cipla <a style="color: #000080;" href="http://www.dealstreetasia.com/stories/cipla-inks-pact-to-divest-animal-health-business-in-south-africa-66593/" target="_blank">announced</a> to sell its animal health business in South Africa to Ascendis Health Ltd for 375 million rand (about Rs192 crore).
Also Read:
<a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/india-22-65128/" target="_blank">India: SAIF Partners exits MakeMyTrip with bumper returns</a> 
<a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/cipla-inks-pact-to-divest-animal-health-business-in-south-africa-66593/" target="_blank">India: Cipla to sell animal health business in S Africa to Ascendis</a>

SAIF Partners has sold more stake in Speciality Restaurnts Ltd for $1.3m while Cipla Ltd is acquiring South African company Anmarate Pty Ltd for $1.8m.

India Dealbook: SAIF divests stake in Speciality Restaurants; Cipla to buy Anmarate

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India Dealbook: SAIF divests stake in Speciality Restaurants; Cipla to buy Anmarate

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