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Torrent Pharmaceuticals issues NCDs worth Rs 500 crore

05 Dec 2017 Evaluate

Torrent Pharmaceuticals has issued Non-Convertible Debentures (NCDs) on Private Placement basis for an amount of Rs 500 crore on December 4, 2017. The NCDs will be listed on the wholesale debt market of NSE. The tenure of the NCDs will be for a period of 360 days and the date of maturity will be November 29, 2018.

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. 1756.90
Dr. Reddys Labs. 1195.10
Cipla 1303.30
Lupin 1960.00
Zydus Lifesciences 1115.10
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