Torrent Pharma is reportedly in talks to form a consortium and raise $1.2-1.5 billion from CVC Capital Partners as it is looking to put together a $7 billion or Rs 60,000 crore financing package to acquire rival Cipla. CVC could turn out to be Torrent’s lead partner. The development has not yet been confirmed by the group.
Top stocks of the week: Bulls continued their dominance at Dalal Street as benchmark indices managed to settle higher for another trading session on Friday. Watch this Visual Story to check top stocks of the week.
Hot stocks today: Benchmark indices were trading higher in early deals today (September 5). Jio Financial, YES Bank, Raymond, MMTC among hot stocks on Tuesday.
Stocks in focus today: Markets seem to be running out of steam as the Q4 results are soon coming to an end. SBI, Jubilant FoodWorks, Suzlon, Devyani International among stocks to watch on Wednesday, May 18, 2023.
Shares of Devyani International slipped 8.73% to Rs 166.25 against the previous close of Rs 182.15 on BSE. Market cap of the firm fell to Rs 20,980 crore.