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Torrent Pharmaceuticals raises Rs 100 crore via CPs

20 May 2019 Evaluate

Torrent Pharmaceuticals has raised funds through issuance of Commercial Paper (CPs) for an amount of Rs 100 crore. The tenure of the instrument is 129 days and will mature on September 23, 2019.

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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