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Pharma major Cipla has generated considerable interest from private equity players. What makes it such an alluring prospect, and what does the future hold for this storied company? - Issue Date: Oct 29, 2023
Analysts see synergies for both Torrent and Dr Reddy's with Cipla, driven by rationalisation of costs, but also warn that the merger could significantly raise debt levels for the pharma companies.
If Torrent Pharma were to acquire Cipla, which is 2.5 times its size in sales, it would be a bold move. While the acquisition would catapult Torrent to the top of the heap in the domestic market and make it the second-largest Indian pharma company in terms of revenue, financing the deal and integration can pose a litany of challenges.