cipla: Why Torrent Pharma is ready to go ahead with the daunting Cipla deal
Ahmedabad-based Torrent Pharma is seeking financing for a deal with Indian pharmaceutical company Cipla. Torrent Pharma is interested in buying out the Hamied familys 33.47% stake in Cipla, which is valued at around $4.07 billion. The deal would be the largest in the domestic pharma industry, with a total outlay of approximately $7.3 billion. Torrent Pharma is in talks with several private equity funds, shadow banks, and foreign banks to secure funding for the acquisition. If successful, the dea...
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Source: indiatimes.com