Cipla acquired 22 percent stake in GoApptiv
Pharma major Cipla will acquire 21.85 percent stake in GoApptiv on a fully-diluted basis in two phases.
The cost of acquisition is Rs 9 crore (Rs 5.80 crore in the first stage and Rs 3.20 crore in the second stage), it said in a regulatory filing.
In the first stage, subscription of 15,392 compulsorily convertible preference shares and purchase of 6,927 equity shares is expected to be closed within 30 days from the execution date, subject to certain conditions precedent,.In the second stage, subscription of 12,314 compulsorily convertible preference shares is expected to close by October 31, subject to certain conditions precedent, it added.
GoApptiv offers digital solutions for integrated brand sales management, digital marketing and channel engagement for pharmaceutical compani...