Torrent Pharma may raise $231m to support bid for Sanofi's generics business

Torrent Pharma may raise $231m to support bid for Sanofi's generics business

Bloomberg Creative Photos/Bloomberg

Torrent Pharma Ltd is likely to raise at least Rs1,500 crore by selling shares to institutional investors, as it prepares a bid for the generic drugs unit of France’s Sanofi, two people aware of the development said.

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