November 3, 2017 / 11:41 AM / 2 years ago

BRIEF-‍Torrent Pharma buys branded business of India & Nepal from Unichem

Nov 3 (Reuters) - Torrent Pharmaceuticals Ltd:

* ‍Torrent Pharma acquires branded formulation business of India and Nepal of Unichem Laboratories Limited​

* Says deal for 36 billion rupees‍​

* Says will fund deal through mix of internal accruals, bank borrowings‍​

* Says deal is ongoing concern basis by way of slump sale

* Says about 3000 plus employess will get added to Torrent’s existing employee pool

* Deal is expected to close by end of 2017‍​

Source text - bit.ly/2iWMP69

Further company coverage:

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