 "Cipla gains on JV to expand presence in Africa")
Cipla (EU) Ltd, UK, a wholly-owned subsidiary of Mumbai-based drug firm, has inked the JV agreement with the Moroccan entities.
The initial focus of the JV shall be respiratory and neurology products and it shall also invest in setting up a manufacturing facility in Morocco, Cipla said in a statement.
The stock opened at Rs 631 and touched a high of Rs 641. At 11:55Am, over 630,000 shares were traded on both the stock exchanged.
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