Cipla to set up manufacturing facility for pharmaceuticals in Iran
Cipla | December 15, 2016
Cipla, through its Netherlands-based wholly-owned subsidiary Cipla Holding BV, has entered into an agreement with Ahran Tejarat Company to form a joint venture in Iran. As per the agreement, Cipla will hold 75 percent stake in the JV, while the Iranian partner will own the remaining. Cipla will invest approximately Euro 16.875 million (about Rs 120 crore) in the JV, which JV will set up a manufacturing facility for pharmaceutical products in Iran.