Torrent Pharma Raises ₹12,500 cr via Bonds for Buyout of JB Chemicals

Torrent Pharmaceuticals has successfully raised ₹12,500 crore via debentures, a strategic move to finance its takeover of JB Chemicals & Pharmaceuticals. By issuing commercial papers and non-convertible debentures with varying maturities, Torrent attracted investments from mutual funds, insurance firms, and pension funds. This financing decision underscores Torrent's ambition to enhance its market presence and broaden its therapeutic offerings.