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Torrent Pharmaceuticals issues NCDs worth Rs 300 crore

17 Sep 2019 Evaluate

Torrent Pharmaceuticals has issued Non-Convertible Debentures (NCDs) on Private Placement basis for an amount of Rs 300 crore on September 16, 2019. The tenure of the instrument is 1080 days and will mature on August 31, 2022.

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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