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Cipla liquidates wholly-owned unit as part of internal reorganisation

Cipla liquidates wholly-owned unit as part of internal reorganisation

This liquidation was a part of internal reorganisation and it will not affect performance or revenue of the company, says Cipla

Drug major Cipla Drug major Cipla

Drug major Cipla on Saturday said it has voluntarily liquidated a wholly-owned step-down subsidiary.

This liquidation was a part of internal reorganisation and it will not affect performance or revenue of the company, Cipla said in a BSE filing.

"Cipla (UK) Ltd, a wholly owned subsidiary of Cipla (EU) Ltd and a wholly -owned step down subsidiary of the company, has been voluntarily liquidated with effect from March 5, 2021," the Mumbai-based drug firm said.

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