Business Update15 Dec 2023, 03:54 am
Cipla Limited to Invest Additional INR 42 Crores in GoApptiv Private Limited
AI Summary
Cipla Limited has entered into definitive agreements on December 14, 2023, to acquire additional stake in GoApptiv Private Limited, a digital tech company that offers end-to-end business solutions for healthcare companies. The acquisition will be done at arm's length basis valuation report received from independent valuers as per applicable laws. The investment is expected to improve access to healthcare products in tier 2-6 geographies through engagement with all stakeholders in the value chain leveraging proprietary technology platforms and physical reach.,
Key Highlights
- INR 42 crore investment in GoApptiv Private Limited
- Acquisition to improve access to healthcare products in tier 2-6 geographies
- Digital tech company offering end-to-end business solutions for healthcare companies
- Investment done at arm's length basis valuation report received from independent valuers