In fact, Torrent itself saw a huge growth in derma business among others. While both the company’s official spokesperson were unavailable to comment on the deal, leading business daily The Economic Times informed that Torrent Pharma rallied as much as 5 per cent in the trade early in the day, after the news acquisition news being circulated by the media.Īnalysts say that the acquisition of derma business makes sense as Torrent has little presence in dermatology space. The group's derma division has combinations and formulations in categories as topical steroids, skin cleaning lotions, moisturising creams amongst others. Promoted by Merchant family, Encore Group is engaged into specialty pharmaceutical business for over 50 years. Pharma major Torrent Pharmaceuticals Limited is close to seal the deal to acquire dermatology business of Mumbai-headquartered Encore group for Rs 350 crore.
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