India Dealbook: Cipla to acquire stake in South African firm; Kurl-on buys US firm

Pharma major Cipla is acquiring a 30 per cent stake in South African firm Brandmed, while Motilal Oswal PE-backed Kurl-on has bought US firm Spring Air’s operations across India, Bangladesh, Sri Lanka and Pakistan.

Cipla to acquire 30% stake in South African firm Brandmed

Drug major Cipla Ltd is acquiring a 30 per cent stake in South African healthcare firm Brandmed (Pty) Ltd for 65 million rand ($4.6 million or Rs 32 crore), according to an announcement. The deal, which is routed through Cipla’s South Africa-based subsidiary Cipla Medpro, will help the company increase its exposure to the connected healthcare segment.

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