Mumbai, December 14, 2017: Pharma Major, Torrent Pharmaceuticals Limited (TPL) said that it has completed acquisition of branded business of Unichem Laboratories Limited (Unichem) for India and Nepal, including its Sikkim manufacturing facility, on a going concern basis by way of slump sale, on 14th December, 2017.
This transaction was in pursuance of the definitive binding agreement entered into between Torrent and Unichem on November 3, 2017.
From today, Torrent begins the integration of the Unichem business following the successful closure of its acquisition. The integration will aim to fuel and support strong growth of the acquired Unichem brands, consolidating speciality reach with a relentless focus on enhancing productivity.
United News of India