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Torrent Pharma gains on acquiring two women healthcare brands from Novartis

09 May 2017 Evaluate

Torrent Pharmaceuticals is currently trading at Rs. 1297.55, up by 6.55 points or 0.51% from its previous closing of Rs. 1291.00 on the BSE.

The scrip opened at Rs. 1303.75 and has touched a high and low of Rs. 1303.75 and Rs. 1296.60 respectively. So far 1683 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1767.80 on 25-Aug-2016 and a 52 week low of Rs. 1185.60 on 09-Nov-2016.

Last one week high and low of the scrip stood at Rs. 1433.80 and Rs. 1282.00 respectively. The current market cap of the company is Rs. 21846.65 crore.

The promoters holding in the company stood at 71.25%, while institutions and non-institutions held 17.60% and 11.16% respectively.

Torrent Pharmaceuticals has completed the acquisition of women healthcare brands Regestrone and Pregachieve for India from Swiss pharma major Novartis AG. The deal size is estimated to be around Rs 500 crore. Both the brands are prescribed by gynaecologists for management of abnormal uterine bleeding, peri and post menopausal symptoms and infertility.

The Ahmedabad-based company was in talks to acquire these brands since the last few months and had entered into a pact with Novartis last month to acquire the two brands.

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.

Torrent Pharma Share Price

4178.85 22.50 (0.54%)
17-Apr-2026 16:59 View Price Chart
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