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.