Anmarate (Pty) Limited has a turnover of ZAR 2.5 million for the financial year ending on February 29, 2016, Cipla Ltd said in a BSE filing today.
The acquisition would strenghen the market position of the company, it said.
The transaction is expected to be completed before April 14, 2017.
It said that the cost of acquisition is ZAR 26,253,659 subject to post closing of net working capital, not exceeding ZAR 30 million.
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