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Torrent Pharmaceuticals raises Rs 500 crore through NCDs

10 Nov 2022 Evaluate

Torrent Pharmaceuticals has raised Rs 500 crore through issuance of Non-Convertible Debentures (NCDs) on Private Placement basis on November 09, 2022. The date of maturity of said NCDs will be 7 years from date of allotment.

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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