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Torrent Pharma completes acquisition of Elder in India and Nepal
Source: IRIS | 30 Jun, 2014, 08.36AM
Rating: NAN / 5 stars.
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Torrent Pharmaceuticals (TPL) has completed acquisition of Elder Pharmaceuticals branded domestic formulations business in India and Nepal on a slump sale basis.

This transaction was in pursuance of the business transfer agreement entered into between TPL and Elder on Dec. 13, 2013.

Shares of the company gained Rs 0.75, or 0.11%, to settle at Rs 702.55 at the BSE (Friday).

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