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Prospect News home > News index > List of issuers T > Headlines for Torrent Pharmaceuticals Ltd. > News item
Published on 4/24/2020 in the Prospect News Emerging Markets Daily.

New Issue: India’s Torrent Pharmaceuticals sells Rs. 1.95 billion 7.7% debentures

By Sarah Lizee

Olympia, Wash., April 24 – Torrent Pharmaceuticals Ltd. informed the Bombay Stock Exchange that it issued Rs. 1.95 billion of 7.7% nonconvertible debentures due April 24, 2023.

The debentures were issued on a private placement basis.

Torrent is a pharmaceutical company based in Ahmedabad, India.

Issuer:Torrent Pharmaceuticals Ltd.
Issue:Nonconvertible debentures
Amount:Rs. 1.95 billion
Maturity:April 24, 2023
Coupon:7.7%
Settlement date:April 24
Distribution:Private placement

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