Torrent Pharma in Talks to Acquire Stake in Cipla, Considers Funding Options
– Ahmedabad-based Torrent Pharmaceuticals has submitted a non-binding bid to acquire the stake of promoters of Cipla.
– The company is also holding talks with private equity companies and foreign institutions for funding options.
Container Corporation of India Appoints Sanjay Swarup as Chairman & Managing Director
– Sanjay Swarup, currently Director (International Marketing & Operations), has been appointed as the Chairman & Managing Director of Container Corporation.
– This appointment comes as the Central Government’s decision to strengthen the leadership of the company.