Torrent Pharmaceuticals Limited — QIP/Rights/Pref., 26-12-2024: Issue of Securities

Torrent Pharmaceuticals has issued Commercial Papers worth ₹200 Crores, with a tenure of 90 days. The CPs carry a coupon rate of 7.10% per annum, with interest payable upfront and principal due at maturity on 26th March 2025. The issuance is set to be listed on the National Stock Exchange of India (NSE). This move is aimed at enhancing liquidity and supporting the company's operational needs.