Torrent Pharmaceuticals Ltd is in advanced negotiations with CVC Capital Partners to form a consortium and raise at least $1.2-1.5 billion from the European buyout fund as the Ahmedabad-based pharma-power conglomerate puts together a ₹60,000 crore ($7 billion) acquisition financing package, one of the largest in recent times, to acquire rival Cipla, said people in the know.

Source: The Star September 19, 2023 02:05 UTC