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Torrent Pharmaceuticals issues NCDs worth Rs 1000 crore

15 Dec 2017 Evaluate

Torrent Pharmaceuticals has issued Non-Convertible Debentures (NCDs) on Private Placement basis for an amount of Rs 1000 crore on December 14, 2017. The NCDs will be listed on the wholesale debt market segment of NSE. The tenure of the NCDs will be for a period of 8 years and the date of maturity will be December 12, 2025.

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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