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Torrent Pharmaceuticals acquires Elder's domestic formulations business

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Capital Market

In India and Nepal

Torrent Pharmaceuticals (TPL) announced that it has completed acquisition of Elder Pharmaceuticals (Elder) branded domestic formulations business in India and Nepal on a slump sale basis. This transaction was in pursuance of the Business Transfer Agreement entered into between TPL and Elder on 13 December 2013.

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First Published: Jun 30 2014 | 9:28 AM IST

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