Cipla mulls new healthcare fund.

Cipla, the domestic pharmaceuticals major, is tweaking its business model, keeping a strong focus on its new business, Cipla New Ventures (CNV).

The new investment arm is shifting focus into a venture capital way of investment, with plans of raising a new fund under CNV. According to the management, CNV has got a lot of interest from investors who want to join hands to launch a new health care fund. However, the legal structure of the fund is not yet defined.

BS