Cipla shares touch 8-1/2 month high on stake-sale talk

Jun 18 2014, 11:00 IST
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SummaryThere's speculation that Cipla founders are in talks to sell stake to a global pharmaceutical company.

Cipla shares rose as much as 7.3 per cent to Rs 443.25, their highest since Oct. 4, on speculation that the company's founders are in talks to sell stake to a global pharmaceutical company, multiple dealers say.

A spokeswoman for the generic drugmaker termed the rumour as baseless.

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