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PE firm ChrysCapital’s $40 million investment powers Torrent Pharma

03 Apr 2014 Evaluate

Torrent Pharmaceuticals is currently trading at Rs. 562.30, up by 11.80 points or 2.14 % from its previous closing of Rs. 550.50 on the BSE.

The scrip opened at Rs. 560.00 and has touched a high and low of Rs. 573.15 and Rs. 559.35 respectively. So far 28659 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 578.00 on 03-Mar-2014 and a 52 week low of Rs. 334.25 on 12-Apr-2013.

Last one week high and low of the scrip stood at Rs. 556.80 and Rs. 522.00 respectively. The current market cap of the company is Rs. 9539.08 crore.

The promoters holding in the company stood at 71.51 % while Institutions and Non-Institutions held 18.66 % and 9.83 % respectively.

Private equity firm ChrysCapital has invested around $40 million in drug company Torrent Pharma in order to expand its portfolio of healthcare companies. The PE firm has also increased its total exposure in the sector to nearly $300 million.

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

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