Shibam Group Holding Limited entered into a binding term sheet to acquire additional 51% stake in Saba Investment Ltd from Cipla Limited (NSEI:CIPLA) for $6.5 million on May 15, 2023. Shibam Group Holding Limited currently holds a stake of 49% in Saba.Transaction is expected to close on within 120 days from the date of signing of the binding term sheet or upon satisfaction of closing conditions as agreed in the definitive agreement.
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5-day change | 1st Jan Change | ||
1,489 INR | +0.46% | +4.79% | +19.49% |
10:05am | Nomura Adjusts Cipla’s Price Target to INR1,535 From INR1,486, Keeps at Neutral | MT |
05-22 | Consumer Goods, Realty Push Indian Equities Higher on Wednesday | MT |
EPS Revisions
1st Jan change | Capi. | |
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+19.49% | 14.37B | |
+18.71% | 44.35B | |
+19.44% | 15.08B | |
+57.58% | 13.06B | |
-0.05% | 6.79B | |
-9.70% | 6.75B | |
-8.87% | 5.73B | |
+13.66% | 5.64B | |
+4.00% | 4.66B | |
-13.26% | 4.27B |
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- Shibam Group Holding Limited entered into a binding term sheet to acquire additional 51% stake in Saba Investment Ltd from Cipla Limited for $6.5 million.