{"id":108972,"date":"2023-09-05T12:45:54","date_gmt":"2023-09-05T07:15:54","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=108972"},"modified":"2023-09-05T12:46:00","modified_gmt":"2023-09-05T07:16:00","slug":"pharma-stock-jumps-2-after-its-subsidiary-acquires-a-south-african-pharma-company","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/pharma-stock-jumps-2-after-its-subsidiary-acquires-a-south-african-pharma-company\/","title":{"rendered":"Pharma stock jumps 2% after its subsidiary acquires a South African Pharma Company\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3714321198\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>On Tuesday, shares of India&#8217;s third-largest drug maker rose 2 percent to Rs 1,266 per share following the acquisition of South African company, Actor Pharma Ltd.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-420879760\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>At 12:35 p.m., <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/CIPLA\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Cipla Ltd<\/a><\/strong> shares were trading at Rs 1,237.10 per share on the National Stock Exchange, down 0.16 percent from the previous close price. The company has a market valuation of Rs 99,864 crore.\u00a0<\/p><p>According to the company\u2019s exchange filing, Cipla South Africa, a 100% owned subsidiary of Cipla Limited, has signed a binding term sheet with Actor Holdings (Pty) Limited to acquire 100% of the issued ordinary shares of Actor Pharma Limited, the 5th largest generic medicine company in the South African private market, for ZAR 900 million (USD 48.6 million), subject to customary adjustments.&nbsp;<\/p><p>This acquisition would strengthen Cipla\u2019s investment in its over-the-counter (OTC) business, as well as its path to becoming a major healthcare provider in South Africa. This strategic acquisition will help Cipla South Africa to unlock future growth prospects and cost synergies in the South African market.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2520306631\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The company\u2019s revenue has increased by 17 percent year on year, from Rs 5,375 crore in Q1FY23 to Rs 6,328 crore in Q1FY24. During the same period, Net profit has significantly increased by 41 percent from Rs 706 crore to Rs 996 crore.&nbsp;<\/p><p>As per the latest financial year, the company&#8217;s margins have improved to a level where the operating margin is 19.03 percent and the net profit margin is 12.46 percent.&nbsp;<\/p><p>According to the recent shareholding pattern, the promoters hold 33.47 percent of the company, while Foreign institutional investors hold 25.49 percent and domestic institutional investors hold a 24.33 percent stake.&nbsp;<\/p><p>Cipla is a multinational pharmaceutical company that focuses on the development of new formulations. The company sells pharmaceuticals, bulk drugs, animal products, baked goods, detergents, room fresheners, and personal care items.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Omkar Chitnis<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-334646644\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>On Tuesday, shares of India&#8217;s third-largest drug maker rose 2 percent to Rs 1,266 per share following the acquisition of South African company, Actor Pharma Ltd.&nbsp; At 12:35 p.m., Cipla Ltd shares were trading at Rs 1,237.10 per share on the National Stock Exchange, down 0.16 percent from the previous close price. The company has [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":98971,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[11702,10288,10287,948,936,10289],"class_list":["post-108972","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-cipla-acquisition","tag-cipla-latest-news","tag-cipla-share-price","tag-stock-market","tag-stock-market-news","tag-why-is-cipla-share-going-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Pharma stock jumps 2% after its subsidiary acquires a South African Pharma Company\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"On Tuesday, shares of India&#039;s third-largest drug maker rose 2 percent to Rs 1,266 per share following the acquisition of South African company, Actor Pharma Ltd.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/pharma-stock-jumps-2-after-its-subsidiary-acquires-a-south-african-pharma-company\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pharma stock jumps 2% after its subsidiary acquires a South African Pharma Company\u00a0\" \/>\n<meta property=\"og:description\" content=\"On Tuesday, shares of India&#039;s third-largest drug maker rose 2 percent to Rs 1,266 per share following the acquisition of South African company, Actor Pharma Ltd.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/pharma-stock-jumps-2-after-its-subsidiary-acquires-a-south-african-pharma-company\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-05T07:15:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-05T07:16:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/04\/pharma-cover-image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/pharma-stock-jumps-2-after-its-subsidiary-acquires-a-south-african-pharma-company\/\",\"url\":\"https:\/\/tradebrains.in\/features\/pharma-stock-jumps-2-after-its-subsidiary-acquires-a-south-african-pharma-company\/\",\"name\":\"Pharma stock jumps 2% after its subsidiary acquires a South African Pharma Company\u00a0 - 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