Torrent in talks with Apollo to borrow up to $1 billion for Cipla bid
Pharma major Torrent Pharmaceutical is in preliminary talks with Apollo Global Management to secure a loan of up to $1 billion. Reportedly, this loan will help to fund a planned bid for Cipla. According to a report by news agency Reuters, Torrent is hoping to secure roughly $3 billion to $4 billion in financing for … Read more