Uganda, Kampala [2 August 2018] – As part of its growth strategy, the board of Cipla Quality Chemical Industries Ltd (CiplaQCIL or the Company) has been evaluating an Initial Public Offering and listing of its issued share capital on the Uganda Securities Exchange.
Each of the shareholders will be selling a minority of their stakes to enable sufficient free float and liquidity. Cipla Group, represented through a subsidiary, will retain a majority stake
The listing has received the relevant approvals required, and the Company will provide further details shortly. Renaissance Capital is acting as the lead transaction advisor and book runner, and Crested Capital is the lead sponsoring stockbroker to the listing… Read More