Torrent Pharma is readying a €2 billion (Rs16,000 crore) binding bid for Sanofi’s unit Zentiva NV. Torrent Pharma is readying a €2 billion (Rs16,000 crore) binding bid for Sanofi’s unit Zentiva NV, Mint reported on 7 March. The proposed fundraising will help the pharma company strengthen its balance sheet as it looks to absorb yet another major asset, he added. Emails sent on Friday to Torrent Pharma and JM Financial did not elicit any response. Incorporated in 1971, Torrent Pharma has a presence in markets such as the US, UK, Germany, Brazil and Mexico.

Source: Mint March 13, 2018 18:33 UTC