India: Cipla to sell 25% stake in Hong-Kong-based Biomab Holdings for $26m

India: Cipla to sell 25% stake in Hong-Kong-based Biomab Holdings for $26m

Visual from Cipla website

Cipla Ltd, a Mumbai-based drugmaker, has signed an agreement to sell its entire 25 per cent stake in Biomab Holding Limited (BHL), Hong Kong to Biomab Brilliant Ltd, British Virgin Islands, for $25.8 million, according to a stock market disclosure. The deal is subject to various regulatory approvals.

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