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Anand Rathi Report
One of the most expensive deals in domestic pharma, Torrent Pharmaceuticals Ltd.’s acquisition of Curatio Healthcare Pvt. Ltd. for Rs 20 billion s it at 8.8 times enterprise /sales.
The deal will widen Torrent’s reach among paediatricians and dermatologists (nearly 85% of its dermatology portfolio is cosmetic dermatology).
The synergies from this deal should reflect in FY25, as well as the benefit from greater medical representative productivity and the expansion to the north and east zones.
Interest costs and amortisation are expected to increase on the consummation of the deal (in a month).
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