Torrent Pharma

Cipla rises 2% amid buzz over Bain Capital, Dr Reddy’s joint bid for promoter stake

Shares of Cipla opened over 2 percent higher on September 5 as reports said that private equity firm Bain Capital was in talks with Dr Reddy`s Laboratories to explore a joint bid to buy out the promoter’s stake in the drugmaker. At 09.31 am, shares of Cipla were trading 1.5 percent higher at Rs 1,258 …

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Torrent Pharma joins race to acquire Hamied family stake in Cipla

Pharmaceutical company Torrent Pharma has entered the fray to acquire the Hamied family stake in Cipla in what could be the biggest pharmaceutical deal since 2014. (2.3x) combined revenue in fiscal 2023, 2.3 times earnings and 1.46 times current market value, according to a report. More importantly, the Hamied family’s competition to buy Cipla shares …

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