Goldencross Pharma Pvt Ltd, a wholly-owned subsidiary of the company, has entered into a definitive agreement to sell its 100 per cent equity stake in Four M Propack Ltd, India to Shriji Polymers India Ltd for a consideration of Rs 13.5 crore and an additional sum estimated at around Rs 5.7 crore, Cipla said in a filing to BSE.
The additional sum is derived on the basis of the value of mutual funds, cash and bank balance, tax refunds etc at the time of closing, it added.
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