Torrent Pharma plans to sell bonds worth Rs 14,000 crore for JB Chemicals acquisition

Mumbai: Torrent Pharmaceuticals is preparing a ₹14,000 crore bond sale to fund its bid for JB Chemicals & Pharmaceuticals, people familiar with the matter told ET. This is one of the largest sponsor-funded financings in the Indian pharmaceutical sector this year. Ahmedabad-based Torrent is in talks with HSBC, Standard Chartered Bank and Barclays for the […]

Explained: why are Vedanta investors disappointed at RS 17,000-crore Jaiprakash acquisition bid

Vedanta’s RS 17,000 crore -winning bid for the assets of Jaiprakash Associates under NCLT has drawn a lukewarm reaction of analysts. Brokers have weak synergies, debt risks and limited visibility marked with every turning point, which suggests that the deal could do more harm than good for the company led by Anil Agarwal. Nuvama Institutional […]