Our Bureau

Mumbai, Oct. 6

Cipla Ltd has set up a wholly-owned subsidiary, Cipla FZE, at Jebel Ali Free Zone in Dubai, United Arab Emirates. Mr Amar Lulla, Cipla's Joint Managing Director, told

Business Line

that the subsidiary was to aid logistics, as Dubai was a convenient location to export to international markets. Cipla shares closed marginally down at Rs 255.95 on the BSE.

(This article was published in the Business Line print edition dated October 7, 2006)
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