Torrent acquires Elders domestic biz for Rs 2000 cr

Torrent Pharmaceuticals agreed to buy its branded formulations business in India and Nepal for about Rs 2,000 crore ($324.1 million). Analysts tracking the sector say Elder is now left with only low-margin active pharmaceutical ingredient and European ...

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Torrent Pharmaceuticals lost 7.92% to Rs 460.10 at 14:00 IST on BSE after the company said it has entered into an agreement to acquire Elder Pharmaceuticals' branded domestic formulations business in India and Nepal for about Rs 2000 crore. The ...