Torrent Lines Up Funds From Foreign Lenders | Torrent Promotes To Sell Stake?

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Torrent Pharmaceuticals Limited, based in Ahmedabad, is reportedly seeking financing to buy out the promoter family's stake in Cipla, which would be India's biggest-ever pharma deal. The company is said to be approaching private equity funding to secure the necessary funds. Torrent Pharma is making substantial investments in branded generic markets, allowing the company to broaden its expertise. The company firmly believes in building a sustainable business with a focus on enhancing value for stakeholders. The statutory auditors of the company have audited the IFC with reference to financial reporting. If the deal with Cipla goes through, Torrent Pharma will become the second-largest company by revenues in India and will significantly expand its domestic formulation business.
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