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 family's 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 deal would give Torrent Pharma a significant share in the market and broaden its operations.
Source: indiatimes.com
