Want to Subscribe?
Read Corporate India and add to your Business Intelligence
Unlock Unlimited Access
Published: September 15, 2023
Updated: September 15, 2023
Torrent is all set to acquire Cipla at a total valuation of Rs 1.1 trillion. Of this, Torrent will buy the stake of the Cipla promoters for Rs 36,500 crore.
Torrent will pledge its shares in the power company to raise funds at the promoter’s level, while Cipla promoters plan to use the funds to invest in new-age businesses as the old guard bows out of the company.
Torrent will also come out of an IPO for its gas distribution business by 2025 and the promoters will sell their stake to reduce the debt taken to acquire Cipla.
September 30, 2025 - Combined Issue
Industry Review
VOL XVI - 22
September 16-30, 2025
Want to Subscribe?
Read Corporate India and add to your Business Intelligence
Unlock Unlimited Access
Lighter Vein
1 Year *
Subscription
Rs 1800 /-
3 Year *
Subscription
Rs 5000 /-
5 Year *
Subscription
Rs 8000 /-
5
International
Subscription
$ 99.99
Read Corporate India and add to your Business Intelligence
Popular Stories
A modern-day enigma and a ramification of humanity's never-ending advancements, e-waste refers to the scum con- cealed by the outward glow of ever-advancing technology.
Archives
Office Address
Unit No. 405, 4th floor, Madhu Industrial Park, Avadh Narayan Tiwari Marg, Mogra Village Road, Andheri (East), Mumbai – 400069.
Call/Whatsapp
If you are interested in advertising with Corporate India, please don't hesitate to contact us. Our team is here to assist you with the process and answer any questions you may have. We look forward to the opportunity to work with you and help your business reach its full potential.
Fill out the form below to subscribe to our newsletter and never miss an update