India: Unichem to return 50% of proceeds from Torrent deal to shareholders

India: Unichem to return 50% of proceeds from Torrent deal to shareholders

Photo: Mint

Unichem Laboratories Ltd plans to return to its shareholders more than 50% of net proceeds it will receive from the sale of domestic formulations business to Torrent Pharmaceuticals Ltd. It will use the rest to expand its international business, particularly in the US.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter