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Torrent Pharmaceuticals raises funds worth Rs 200 crore via NCDs

15 May 2020 Evaluate

Torrent Pharmaceuticals has raised funds worth Rs 200 crore through issue of Non-Convertible Debentures (NCDs) on Private Placement basis on May 14, 2020. The tenure of the instrument is 1072 days and will mature on April 21, 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. 1756.90
Dr. Reddys Labs. 1195.10
Cipla 1303.30
Lupin 1960.00
Zydus Lifesciences 1115.10
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