Torrent Pharmaceuticals Ltd.’s interest in acquiring a majority stake in Cipla Limited might wane on a disagreement over valuations, but for now the doors don’t seem to be shut.
Torrent Evasive On Cipla Question, But Comfortable With Domestic Acquisitions
Brazil Sales Force Expanded
Torrent management avoided commenting on valuations or whether big-ticket acquisitions are on the cards during a call to discuss fiscal Q2 results, as it faced a volley of questions on the topic following media reports of its interest in acquiring Cipla. Meanwhile, the Brazil business posted handsome gains during the quarter, while the US business shrunk
