Torrent, the promoting holding company of Torrent Group has invested Rs 188 crore to acquire 75 per cent stake in healthcare startup PurO Wellness. Moreover, Ruchir Modi, former Executive Director of Torrent Pharmaceuticals and founder and director of PurO Welness has invested Rs 62 crore which brings a total of Rs 250 crore as seed funding for this startup initiative. The main focus of the company is on producing organic food ingredients. PurO will soon launch its SoLite range of products.
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.