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![mupdatesbyscanx Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1926935883384553472.png) Market Updates by ScanX [@mupdatesbyscanx](/creator/twitter/mupdatesbyscanx) on x XXX followers
Created: 2025-07-21 14:10:47 UTC

Cipla (CIPLA)
on NSE: 1473.90 (-0.57%)

Cipla Strengthens Respiratory Healthcare with ₹5 Crore Investment in Icaltech Innovations

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Cipla Limited has announced a strategic investment of ₹5 crore to acquire a XX% stake in Icaltech Innovations Private Limited, a Bangalore-based medical devices company specializing in respiratory care diagnostics. The investment involves subscribing to 1,50,820 optionally convertible preference shares and X equity share. This move aims to strengthen Cipla's position in respiratory healthcare and expand its diagnostic solutions portfolio. The collaboration is expected to leverage synergies between Cipla's pharmaceutical expertise and Icaltech's medical device technologies. Icaltech has shown significant growth, with its turnover increasing from ₹1.28 crore in FY 2022-23 to ₹6.70 crore projected for FY 2024-25.

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