Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
Acquisition 2015-05-07

Torrent Pharma announces acquisition of Derma manufacturer Zyg Pharma

Ahmedabad-based drug firm Torrent Pharmaceuticals has announced to acquire dermalogical products manufacturing company Zyg Pharma, part of Encore group, for an undisclosed amount.

Torrent Pharma announces acquisition of Derma manufacturer Zyg Pharma

Ahmedabad-based Drug firm Torrent Pharmaceuticals, which is the flagship company of Torrent Group, has inked pact to fully acquire Zyg Pharma, a dermalogical products manufacturing company and part of Encore Group.
The deal is closed between the two for an undisclosed amount.

In a filing to the Bombay Stock Exchange (BSE), Torrent Pharmaceuticals stated, "The company has signed a share purchase agreement to acquire 100 per cent stake in Zyg Pharma Pvt Ltd, a company engaged in manufacturing various dermatological formulations like creams, ointments, gels, lotions and solutions.”
Significantly, Encore Group’s part, Zyg Pharma is being promoted by the Merchant family.

"Torrent will fund acquisition through internal accruals," said the company.

The acquisition will help the company to strengthen its position in niche dermatological segment, especially in developed markets like the USA and Europe, noted Torrent Pharmaceuticals.

 

Image curtesy: Torrent Pharmaceuticals Facebook page

"The transaction has been approved by the Board of Directors of both the companies," concluded the statement by Torrent.

Comment
image
image
image
image
Related opportunities
  • Others Food Service
    About Us: India’s First Protein Chain. No Competition in Same Product Category..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 50
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Gardening services
    About Us: Started in 2013, with a dream to convert concrete..
    Locations looking for expansion Rajasthan
    Establishment year 2013
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Jaipur Rajasthan
  • Preschools
    About Us: Education is the backbone of any country and we..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 2500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Security Services
    About Us: V-Authenticate builds innovative security products that raise security standards..
    Locations looking for expansion Maharashtra
    Establishment year 2006
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities
More Stories

Free Advice - Ask Our Experts