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Cipla stock price jumped more than 3 per cent on Friday after reports that Blackstone is in talks to buy out the promoter stake in the company.Last week, Ciplahad clarified that the company is not aware of any event that requires disclosure ...
Cipla has clarified that the company is not aware of any event that requires disclosure under Listing Regulations."The Company will make appropriate disclosure in compliance with the Listing Regulations as and when any such requirement ...
"The Company will make appropriate disclosure in compliance with the Listing Regulations as and when any such requirement arises," the company said in a filing. The clarification came regarding reports that Cipla promoters are looking to sell a part stake in the promoter shareholding to private equity investors.
However, the company’s March quarter (Q4FY23) results are broadly in line with Street estimates. Analysts say stable margin last quarter, expected gains from Curatio integration and new product launches are reasons for optimism.
Torrent Pharmaceuticals (TRP IN) - Param Desai - Senior Research Analyst, Prabhudas Lilladher Pvt Ltd