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Torrent Pharmaceuticals raises Rs 195 crore via NCDs

25 Apr 2020 Evaluate

Torrent Pharmaceuticals has raised Rs 195 crore and allotted Non Convertible Debentures (NCDs) on private placement basis, with coupon rate of 7.70% p.a. The date of maturity of the said instruments is April 24, 2023.

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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