Latest & Important News About: Torrent Pharma
Torrent Pharma
Torrent Pharma buys 100% stake in Curatio Health Care for Rs2000cr having strong focus on cosmetic dermatology; will be funded thru internal accrual & debt; Valued 6.9x its FY23 EV/sales is expensive; earnings dilutive in the near term #Investment Picks
Torrent Pharma
CS on Torrent Pharma Outperform, Target Price Rs 1750 Acquired 100% stake in Curatio for Rs20bn It is a dermatology portfolio, with focus on paediatrics (60% of total sales) Acquisition provides scale in fast-growing dermatology segment Cost of acquisition high at 23x FY23E EV/EBITDA CITI on Torrent Pharma Neutral, Target Price Rs 1700 Curatio: Strategic […]
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