Last year in June, Torrent Pharma said it will a majority stake in J B Chemicals and Pharmaceuticals in a Rs 19,500-crore deal.
- Torrent Pharmaceuticals approved raising up to Rs 12,500 crore via private placement of securities
- The company will issue secured, rated, listed, redeemable non-convertible debentures in tranches
- The approval was given by the Securities Transfer and Stakeholders Relationship Committee on Monday
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Let us know.Torrent Pharmaceuticals on Monday said its board has approved to raise up to Rs 12,500 crore via issue of securities on a private placement basis.
The Securities Transfer and Stakeholders Relationship Committee has at its meeting held on Monday approved the issuance of secured, rated, listed, redeemable non-convertible debentures aggregating up to Rs 12,500 crore in one or more tranches on a private placement basis, the drug firm said in a regulatory filing.
Last year in June, Torrent Pharma said it will a majority stake in J B Chemicals and Pharmaceuticals in a Rs 19,500-crore deal.
Shares of the company on Monday ended 0.25% down at Rs 3,875.10 apiece on the BSE.
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