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A delayed share purchase cost Cipla Quality Chemicals close to Shs20b in just six months. This is according to a disclosure published together with the company’s financial results. Cipla and Africa Capitalworks had planned to complete the share purchase in a Shs94.5b ($25m) deal by May 31. However, mandatory approvals from Capital Markets Authority and Comesa delayed for months, with the ...
Read More »Quality Chemicals To Cough Shs20b In Delayed Cipla Exit Plan
