Cipla sets up subsidiary in Mexico

Our Bureau Updated - January 23, 2024 at 09:22 PM.

Cipla said that its subsidiaries in the UK and Netherlands, respectively, have jointly incorporated Mexicip in Mexico.

The drugmaker said that its wholly-owned subsidiaries Cipla (EU) Ltd, UK, and Cipla Holding BV, Netherlands, incorporated Mexicip, a wholly owned subsidiary, with effect from January 22.

Mexicip is incorporated with an objective of sale and distribution of pharmaceutical drugs in Mexico, it added. Further it said, there would be an infusion of MXN 10,000 and the transaction would be completed by March 31.

Sign up for newsletters, unlock features and do more on The Hindu
LOG IN
Support our reporting.
SUBSCRIBE NOW
Sign up for newsletters, unlock features and do more on The Hindu
LOG IN
Support our reporting.
SUBSCRIBE NOW
Published on January 23, 2024 14:24
Tags

This is a Premium article available exclusively to our subscribers.

Subscribe now to and get well-researched and unbiased insights on the Stock market, Economy, Commodities and more...

Subscribe
If you're already a subscriber

You have reached your free article limit.

Subscribe now to and get well-researched and unbiased insights on the Stock market, Economy, Commodities and more...

Subscribe
If you're already a subscriber

You have reached your free article limit.
Subscribe now to and get well-researched and unbiased insights on the Stock market, Economy, Commodities and more...

Subscribe
or read this article by Downloading TheHindu Businessline News app
If you're already a subscriber

TheHindu Businessline operates by its editorial values to provide you quality journalism.

Support our reporting.
Subscribe
This is your last free article.
to read unlimited content from TheHindu Businessline
Subscribe
Stay updated on Markets,Economy, Agri & more.
Get TheHindu Businessline News App on
Recommended Articles

Latest from Companies

Manorama Industries initiates commissioning process for new fractionation plant

TCS Q4 FY24 results: Experts expect revenue growth to be in low single digit

Mercedes-Benz India mulls price hike amid input costs, supply chain challenges

TVS Supply Chain achieves delivery of 5 lakh CKD kits to TVS Motor

AWS Activate credit now accepted for third-party models: Pandurang Nayak

SHOW MORE