Cipla Quality Chemicals (QCIL) has sold its majority stake or 51.18 pc of the total company’s ordinary shares to a Mauritius-based investment firm for $25 million (about Shs93.7 b,) after the.
In a disclosure notice, Cipla indicated it had entered into an agreement with Africa Capitalworks SSA, in which it would dispose of its entire stake in Cipla Quality Chemical held through Cipla.