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Torrent Pharmaceuticals raises Rs 100 crore through Commercial Papers

16 Dec 2020 Evaluate

Torrent Pharmaceuticals has raised Rs 100 crore through Commercial Papers (CPs), with coupon rate of 4.00% p.a. The date of maturity of the said instruments is June 11, 2021.

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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