The lenders are expected to revert with funding commitment letters at the earliest, said the sources mentioned above. They have communicated this to the Cipla management and its advisors, said the people cited above. The current market value of Cipla is Rs 1.01 lakh crore. At this price, the promoter stake alone is valued at Rs 33,700 crore ($4.07 billion). While Cipla has traditionally had a focussed approach in respiratory, anti-infectives and urology segments, Torrent has been strong in cardiac, diabetes, neuro/CNS, gastro therapeutic areas.

Source: Economic Times September 01, 2023 14:40 UTC