Torrent Pharma in talks to borrow up to $1b from Apollo Global for Cipla bid: report

Torrent Pharma in talks to borrow up to $1b from Apollo Global for Cipla bid: report

The combined revenue from these transactions is over $200 million for the year ended December 2014 and over $225 million in the 12 months to June 2015, Cipla said in a statement. Photo: Mint

India’s Torrent Pharmaceutical is in preliminary talks with Apollo Global Management to secure a loan of up to $1 billion to help fund a planned bid for Cipla, two people briefed on the discussions said.