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Torrent Pharmaceuticals Ltd ( (IN:TORNTPHARM) ) has provided an update.
Torrent Pharmaceuticals Limited has announced the execution of a share purchase agreement to acquire a 2.41% equity stake in J.B. Chemicals & Pharmaceuticals Limited from certain employees at a price of INR 1,600 per share. This acquisition is part of a broader strategy to gain a controlling stake in J.B. Chemicals, subject to necessary approvals, and reflects Torrent’s strategic expansion efforts in the pharmaceutical sector.
More about Torrent Pharmaceuticals Ltd
Torrent Pharmaceuticals Limited operates in the pharmaceutical industry, focusing on the development, manufacturing, and marketing of a wide range of branded and generic pharmaceutical products. The company is known for its strong presence in the Indian market and has a growing international footprint.
Average Trading Volume: 10,935
Current Market Cap: 1156.2B INR
For an in-depth examination of TORNTPHARM stock, go to TipRanks’ Overview page.