Cipla shares jump 2 pc post agreement with CitiHealth Imports

New Delhi: Shares of Cipla on Thursday rose nearly 2 per cent after the pharma major said its arm has signed an agreement with CitiHealth Imports to acquire remaining 40 per cent stake in Cipla Pharma Lanka.

On the BSE, the stock hit intra-day high of Rs 476.35, up 1.83 per cent. It settled 0.22 per cent up at Rs 468.80.

Read Also: Cipla arm to acquire remaining 40 pc stake in Cipla Pharma Lanka for over Rs 1.5 lakh

During the day, the scrip moved 1.81 per cent up to Rs 476.50 on the NSE. It closed the session 0.26 per cent up at Rs 469.20.

The BSE saw an exchange of 1.03 lakh shares whereas, the NSE witnessed trade of over 29 lakh shares of Cipla.

Read Also: Cipla gets 4 USFDA observations for Patalganga facility