Torrent Company Completes The Acquisition Of Unichem Laboratories Ltd.

This dealing was in pursuance of the definitive binding agreement entered into between Torrent and Unichem on November three, 2017. Torrent prescription drugs restricted on Thursday declared that it's completed the acquisition of the branded business of Unichem Laboratories restricted for India and Asian country, as well as its geographic region producing facility, on a going concern basis by the manner of slump sale.

This dealing was in pursuance of the definitive binding agreement entered into between Torrent and Unichem on November three, 2017.

“From nowadays, Torrent begins the mixing of the Unichem business following the prospering closure of its acquisition. the mixing can aim to fuel and support robust growth of the nonheritable Unichem brands, consolidating specialty reach with a relentless concentrate on enhancing productivity. 

The acquisition can accelerate Torrent's presence within the chronic house particularly within the high growth segments of the Indian company market like medicine, Diabetology, and medical specialty. 

Moreover, Unichem brings in a vital new platform in Torrent's property growth strategy by increasing the Company’s presence within the unlisted section,” Torrent same in an exceeding statement.

Samir Mehta, Chairman -The torrent company said: “The acquisition of Unichem’s domestic branded business by Torrent company may be a major success within the company's growth strategy in consolidating its India business. 

each firms Unichem and Torrent share a protracted and proud history within the Indian company market with typical business culture, an element that I feel can vastly aid within the prospering integration of the combined business"