Cipla acquires 5% stake of Swasth Digital Health Foundation to leverage digital technologies

The investment is being made with an aim to leverage digital technologies and build healthcare tech infrastructure.

Sep 20, 2021 09:09 IST India Infoline News Service

Cipla Limited has subscribed to 5% equity shares (on a fully diluted basis) of Swasth Digital Health Foundation, a not-for-profit organisation, with an aim to leverage digital technologies and build healthcare tech infrastructure, said company in a regulatory filing to the exchanges.

Accordingly, Swasth is a not-for-profit company incorporated under Section 8 of the Companies Act, 2013. It is an alliance of over 150 organisations engaged in leveraging digital technologies to improve healthcare outcomes and increase healthcare inclusion in India.

The entity was incorporated on September 03, 2020 and does not have any turnover.

The investment is being made with an aim to leverage digital technologies and build healthcare tech infrastructure.

At around 9:56 AM, Cipla was trading at Rs948 apiece down by Rs6.15 or 0.64% on Sensex.

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