Cipla buys additional stake in digital health company GoApptiv

Post completion of the deal, Cipla’s total stake in GoApptiv will increase to 22.02% on a fully diluted basis. The investment will be made in equity shares and compulsorily convertible preference shares and is likely to be completed within 30 days or such other date mutually agreed between the parties subject to fulfillment of necessary closing conditions, Cipla said in a statement.

from Healthcare/Biotech-Industry-Economic Times https://ift.tt/8Il2Ehe
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