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Cipla JV Aspergen buys 100% of Aspergen Inc. in USA

Cipla logoCipla
Sig2.22Sen+0.52Env0.00Soc0.00Gov+0.77

Cipla completed a restructuring in which its joint venture Aspergen Limited acquired a 100% stake in Aspergen Inc., USA. Aspergen Limited, a 60:40 JV between Cipla and Kemwell Biopharma Private Limited, bought the shares from Cipla (EU) Limited (60%) and Kemwell Biopharma UK Limited (40%), making Aspergen Inc. a wholly owned subsidiary. The move rationalises and simplifies the group structure.

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