Express Pharma

Torrent Pharma board approves Zyg Pharma’s amalgamation

152

It will result in concentrated management focus and synergies of operations and facilitating inter transfer of resources and optimum utilisation of assets

Torrent Pharmaceuticals’ board has given nod to the scheme of amalgamation of its subsidiary Zyg Pharma with the company.

The Board of Directors of the company “has approved the scheme of amalgamation of Zyg Pharma Pvt Ltd a wholly owned subsidiary of the company with Torrent Pharmaceuticals”, the company said in a filing to the Bombay Stock Exchange. The amalgamation is subject to regulatory approvals ,it added.

The proposed amalgamation would res