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Torrent Pharma in discussion to acquire Glochem Industries: Report

27 May 2016 Evaluate

Torrent Pharmaceuticals is reportedly in advanced discussion to acquire bulk drugs supplier Glochem Industries for about Rs 300 crore. Glochem is a medium-sized company that makes bulk drugs or active ingredients, which are used as raw material for medicines. The privately held company owns a few USFDA-approved sites in Hyderabad and Vizag where oral bulk actives are manufactured.

Torrent Pharmaceuticals is Flagship Company of the Torrent group, a leader in cardiovascular and central nervous system segments. It also has presence in gastro-intestinal, diabetology, anti-infective and pain management segments.

Peers
Company Name CMP
Sun Pharma. Inds. 1778.25
Dr. Reddys Labs. 1350.20
Cipla 1380.00
Lupin 2009.00
Zydus Lifesciences 1244.00
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