Torrent to buy India biz of Unichem for Rs 3,600 crore

News, Business

New Delhi: In a major consolidation move in the domestic pharma sector, drug firm Torrent Pharmaceuticals today said it will acquire the branded business of Unichem Laboratories in India and Nepal for Rs 3,600 crore.

Unichem’s business under consideration comprises a portfolio of over 120 products, manufacturing plant at Sikkim catering to these two markets and all the employees engaged in it, Torrent Pharmaceuticals said in a filing to the BSE.