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Torrent Evasive On Cipla Question, But Comfortable With Domestic Acquisitions

Brazil Sales Force Expanded

 
• By Vibha Ravi

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

My Lips Are Sealed
Torrent's Management Cagey On Questions Related to Speculated Cipla Acquisition • Source: Shutterstock

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.

During a call to discuss the company’s fiscal Q2 performance, the management, as expected, evaded specific questions on the speculated acquisition. However, CFO Sudhir Menon said "all the past deals we've done more in India

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