Torrent Pharma acquires cosmetic derma player Curatio for Rs 2,000 cr

First major acquisition by Aman Mehta after taking charge at Torrent Pharma in August

Torrent Pharmaceuticals
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The deal consideration also includes Rs 115 crore of cash and cash equivalents in the acquired business indicating an enterprise value of Rs 1885 crore, the company said.

Sohini Das Mumbai
Ahmedabad-headquartered Torrent Pharmaceuticals has signed a definitive agreement to acquire cosmetic dermatology player Curatio Healthcare for Rs 2,000 crore. Curatio has operations in India, Nepal, Srilanka and the Philippines. The deal catapults Torrent from the 21st spot in dermatology in the domestic market to the tenth spot.

This is the first major deal spearheaded by Aman Mehta, who was recently appointed as a director on the board of the pharmaceutical firm, after the Group charted out succession planning at its power and pharma arms. “The acquisition offers Torrent the opportunity to enhance its presence in dermatology with a differentiated portfolio

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First Published: Sep 27 2022 | 5:12 PM IST

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