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Torrent Pharmaceuticals raises Rs 200 crore through Commercial Papers

21 Sep 2024 Evaluate

Torrent Pharmaceuticals has raised Rs 200 crore through Commercial Papers (CPs) on September 20,2024. Maturity of the said CPs will be on December 19, 2024. The company has issued CPs at interest rate of 7.32% per annum. 

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. 1835.50
Dr. Reddys Labs. 1171.10
Cipla 1371.45
Lupin 2144.70
Zydus Lifesciences 1153.00
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