Torrent Pharma will buy Elder Pharma for 2000 crore
A good announcement for investors of Elder Pharma. Torrent pharma is set to buy the local business of Elder Pharma for Rs. 2000 crores.
Shares of Eleder Pharma are expected to raise on Monday, once market opens. Elder Pharma has more than 30 products in portfolio.
Transaction is supposed to get completed by June 2014.