TORNTPHARM

** Shares of India's Torrent Pharma TORP.NS jumps 5.4% to 4300 rupees; set for biggest single-day pct gain since July 2025

** Drugmaker posted 26% y/y rise in Q3 net profit to 6.35 billion rupees ($70.04 million), declared a dividend of 29 rupees per share

** Jefferies ("Buy", PT:4690 rupees) says co's December-quarter profit rose broadly in line with estimates, aided by strong India and Brazil performance

** Ambit ("Buy", PT:4150 rupees) says profit was supported by strong branded-market growth, and US launch-led momentum, with margins steady on operating leverage

** Brokerage Antique ("Buy", PT:4610 rupees) attributes the in-line profit to India's outperformance, US launch momentum, and Brazil's strength, driving revenue growth and stable margins

** TORP rated "buy" on average by 27 analysts, PT at 4141 rupees -- data compiled by LSEG

** TORP gained 14.6% in 2025, and the stock jumped ~6% so far in 2026

($1 = 90.6590 Indian rupees)

(Reporting by Surbhi Misra in Bengaluru)

(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))

Feb 13 (Reuters) - Torrent Pharmaceuticals Ltd TORP.NS:

• TORRENT PHARMA Q3 CONSOL NET PROFIT 6.35 BILLION RUPEES

• TORRENT PHARMA - DIVIDEND 29 RUPEES PER SHARE

• TORRENT PHARMA Q3 CONSOL TOTAL REVENUE FROM OPERATIONS 33.03 BILLION RUPEES

Further company coverage: TORP.NS

(([email protected];))

Jan 23 (Reuters) - Torrent Pharmaceuticals Ltd TORP.NS:

• TORRENT PHARMA - USFDA INSPECTS TORRENT PHARMA'S DAHEJ FACILITY

• TORRENT PHARMA - USFDA INSPECTION CONCLUDES WITH ZERO OBSERVATIONS

Source text: ID:nBSE1HRFTT

Further company coverage: TORP.NS

(([email protected];))

Jan 21 (Reuters) - J B Chemicals and Pharmaceuticals Ltd JBCH.NS:

• NIKHIL CHOPRA RESIGNS AS CEO

• TORRENT PHARMACEUTICALS BECOMES PROMOTER OF CO

Source text: ID:nBSE3lxZ6V

Further company coverage: JBCH.NSTORP.NS

(([email protected];))

MUMBAI, Jan 19 (Reuters) - India's Kotak Mahindra Prime KTKMP.UL plans to raise up to 7 billion rupees ($77.07 million), through the sale of bonds maturing in three years and four months, three bankers said on Monday.

It will pay a coupon of 7.426% and has invited commitment bids for the issue on Wednesday, they said.

The company did not immediately respond to a Reuters email seeking comment.

Here is the list of deals reported so far on January 19:

* Size includes base plus greenshoe for some issues

($1 = 90.8225 Indian rupees)

(Reporting by Dharamraj Dhutia, Khushi Malhotra)

(([email protected], [email protected]))

MUMBAI, Jan 14 (Reuters) - India's Torrent Pharmaceuticals TORP.NS plans to raise 110 billion rupees ($1.22 billion) through multiple maturity bonds in what would be the largest acquisition-funding deal so far this financial year, two bankers said on Wednesday.

The company plans to raise 20 billion rupees through two-year bonds, 25 billion rupees through three-year bonds, 30 billion rupees through four-year papers and 35 billion rupees through a five-year debt, the bankers said.

The company has invited commitment bids for all issues on Friday, and has tied up with large mutual funds and pension funds as anchor investors.

Torrent is raising funds for acquiring a controlling stake in JB Chemicals & Pharmaceuticals. The company will acquire a controlling stake in JB at an equity valuation of about 257 billion rupees on a fully diluted basis, to be followed by a merger of the two companies.

Torrent Pharma did not reply to a Reuters email seeking comment.

Here is the list of deals reported so far on January 14:

*Size includes base plus greenshoe for some issues

($1 = 90.0438 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Sherry Jacob-Phillips)

(([email protected]))

Jan 5 (Reuters) - Torrent Pharmaceuticals Ltd TORP.NS:

• APPROVES ISSUANCE OF NCDS UP TO 125 BILLION RUPEES

Source text: ID:nBSE21y9Xq

Further company coverage: TORP.NS

(([email protected];))

Dec 30 (Reuters) - Torrent Pharmaceuticals Ltd TORP.NS:

• TO CONSIDER ISSUANCE OF SECURED NON-CONVERTIBLE DEBENTURES

Source text: ID:nBSE5bV32x

Further company coverage: TORP.NS

(([email protected];))

By Khushi Malhotra and Dharamraj Dhutia

MUMBAI, Nov 28 (Reuters) - India’s Jayaswal Neco JAYN.NS is refinancing costly high-yield debt with a lower-cost mix of term and working-capital loans, two sources said on Friday, adding the company is seeking about 22 billion rupees ($246 million) in fresh facilities.

The fresh borrowings are expected to carry interest of around 12.50%, sharply lower than the 17.50% coupon on the current high-yield bond, one of the sources said. The term loan will likely have a tenor of about six years with a call option after roughly 20 months, the person added.

"This would include 17 billion rupees of a term loan and 5 billion rupees of working capital, and the deal is set to be completed in the first half of December," one of the sources said.

The term loan is likely to carry a tenor of about six years, with a call option kicking in after 20 months.

The sources could not be named as they are not authorised to speak to media. Jayaswal did not immediately reply to a Reuters email seeking comment.

A rating upgrade by a notch from India Ratings to BBB+ has helped secure cheaper funding, the sources said.

"The rating reflects Ind-Ra's expectation of JNIL's improved operational and financial profile in FY26 due to increased capacity utilisation and higher sales volumes," the rating agency said.

($1 = 89.4600 Indian rupees)

(Reporting by Khushi Malhotra and Dharamraj Dhutia; Editing by Nivedita Bhattacharjee)

(([email protected];))

Sept 25 (Reuters) - SA's Competition Commission :

• SA'S COMPETITION COMMISSION : RECOMMENDS COMPETITION TRIBUNAL APPROVE TOYOTA FUDSON & TOYOTA MOTOR DEAL TO BUY TOYOTA INDUSTRIES , WITHOUT CONDITIONS

• SA'S COMPETITION COMMISSION : APPROVED PROPOSED TRANSACTION WHEREBY TORRENT PHARMACEUTICALS INTENDS TO BUY JB PHARMA, WITH CONDITIONS

Further company coverage: 6201.T

(([email protected];))

Sept 24 (Reuters) - Torrent Pharmaceuticals Ltd TORP.NS:

• TORRENT PHARMA - ISSUED COMMERCIAL PAPERS FOR AN AMOUNT OF 2 BILLION RUPEES

Source text: ID:nnAZN4KJ6P6

Further company coverage: TORP.NS

(([email protected];))

Sept 23 (Reuters) - Torrent Pharmaceuticals Ltd TORP.NS:

• TO BUY CONTROLLING STAKE IN J. B. CHEMICALS

• COMPETITION COMMISSION, SOUTH AFRICA APPROVES CO TO ACQUIRE STAKE IN J. B. CHEMICALS

Source text: ID:nBSE6GP2bl

Further company coverage: TORP.NS

(([email protected];;))

Sept 17 (Reuters) - Torrent Pharmaceuticals Ltd TORP.NS:

• TORRENT PHARMA - ISSUED COMMERCIAL PAPERS FOR AN AMOUNT OF 2 BILLION RUPEES

Source text: ID:nNSE7WpRbJ

Further company coverage: TORP.NS

(([email protected];;))

This is an excerpt of the Health Rounds newsletter, where we present latest medical studies on Tuesdays and Thursdays. To receive the full newsletter in your inbox for free sign up here

By Nancy Lapid

Sept 3 (Reuters) - The commonly prescribed blood thinner clopidogrel should replace aspirin as a routine pill for preventing heart attacks and strokes in people who already have at least some degree of heart disease, researchers reported at the European Society of Cardiology Congress.

Pooled data on nearly 29,000 patients with coronary artery disease who had participated in seven earlier randomized trials showed that those taking clopidogrel had a 14% lower risk of major adverse cardiovascular or cerebrovascular events, including heart attack, stroke, or cardiovascular death, compared to those taking aspirin, during an average follow-up of 5.5 years.

“These results suggest that clopidogrel should be considered the preferred long-term antiplatelet medication for patients with established coronary artery disease,” the researchers said.

Clopidogrel is the generic name of the widely used blood clot preventer Plavix, sold by Bristol Myers Squibb BMY.N and Sanofi SASY.PA. Several companies sell generic clopidogrel including Aurobindo Pharma ARBN.NS, Sun Pharma SUN.NS and Teva Pharmaceuticals TEVA.TA.

Rates of anticoagulant-related side effects like ulcers and major bleeding were similar between the two drugs, dispelling concerns that clopidogrel might lead to more bleeding complications, the researchers said.

The researchers said their analysis included many types of patients and subgroups to ensure the findings, which were also published in The Lancet, applied broadly.

“Even patients who might respond less well to clopidogrel due to genetic or clinical factors still benefited from its use over aspirin,” the researchers said in a statement.

Because clopidogrel is widely available and inexpensive, the study’s findings have the potential to influence clinical guidelines worldwide and improve patient outcomes, the researchers said.

RECYCLED PACEMAKERS IMPROVE ACCESS IN LOW-INCOME NATIONS

Cardiac pacemaker devices can be reconditioned to provide new hope for patients in low- and middle-income countries, researchers said at the ESC meeting in Madrid.

In Kenya, Mexico, Mozambique, Nigeria, Paraguay, Sierra Leone and Venezuela, 306 patients with a life expectancy of at least two years, a clear medical need for pacemaker therapy and no financial means to acquire one were randomly assigned to receive a reconditioned pacemaker or a new pacemaker.

The researchers’ primary concern was that reconditioned devices, which had been removed from other patients, might transmit infections when re-implanted.

A year after the pacemakers were implanted, the incidence of procedure-related infections was 1.6% for those in the reconditioned pacemaker group and 3.1% for those who got new devices. The results demonstrate that the older devices were non-inferior to new ones, the researchers said in a statement.

There were no device malfunctions in either group.

The study was conducted by doctors at the University of Michigan-based Project My Heart Your Heart, which collects pacemakers removed from cadavers by funeral directors.

“Patients in many low- and middle-income countries still have very limited access to cardiac pacing despite its routine use in higher-income countries,” study leader Dr. Thomas Crawford from the University of Michigan said in a statement.

“Indeed, access to pacemaker implantation is around 200-fold lower in Africa than in Europe," Crawford said.

Project My Heart Your Heart developed a comprehensive protocol for cleaning, functional testing and sterilizing reconditioned devices, and has U.S. approval for their export to countries whose governments have provided permission for pacemaker importation, he added.

(To receive the full newsletter in your inbox for free sign up here)

(Reporting by Nancy Lapid; Editing by Bill Berkrot)

(([email protected]))

Health Rounds is published on Tuesdays and Thursdays. Think your friend or colleague should know about us? Forward this newsletter to them. They can also subscribe here

By Nancy Lapid

Sept 2 (Reuters) - Hello Health Rounds readers! Today we highlight two studies presented at the European Society of Cardiology meeting in Madrid, one that compared widely used blood thinners for preventing serious heart problems, and one that tested the safety of reusing cardiac pacemakers.

Clopidogrel tops aspirin for routine use in heart patients

The commonly prescribed blood thinner clopidogrel should replace aspirin as a routine pill for preventing heart attacks and strokes in people who already have at least some degree of heart disease, researchers reported at the European Society of Cardiology Congress.

Pooled data on nearly 29,000 patients with coronary artery disease who had participated in seven earlier randomized trials showed that those taking clopidogrel had a 14% lower risk of major adverse cardiovascular or cerebrovascular events, including heart attack, stroke, or cardiovascular death, compared to those taking aspirin, during an average follow-up of 5.5 years.

“These results suggest that clopidogrel should be considered the preferred long-term antiplatelet medication for patients with established coronary artery disease,” the researchers said.

Clopidogrel is the generic name of the widely used blood clot preventer Plavix, sold by Bristol Myers Squibb BMY.N and Sanofi SASY.PA. Several companies sell generic clopidogrel including Aurobindo Pharma ARBN.NS, Sun Pharma SUN.NS and Teva Pharmaceuticals TEVA.TA.

Rates of anticoagulant-related side effects like ulcers and major bleeding were similar between the two drugs, dispelling concerns that clopidogrel might lead to more bleeding complications, the researchers said.

The researchers said their analysis included many types of patients and subgroups to ensure the findings, which were also published in The Lancet, applied broadly.

“Even patients who might respond less well to clopidogrel due to genetic or clinical factors still benefited from its use over aspirin,” the researchers said in a statement.

Because clopidogrel is widely available and inexpensive, the study’s findings have the potential to influence clinical guidelines worldwide and improve patient outcomes, the researchers said.

Recycled pacemakers improve access in low-income nations

Cardiac pacemaker devices can be reconditioned to provide new hope for patients in low- and middle-income countries, researchers said at the ESC meeting in Madrid.

In Kenya, Mexico, Mozambique, Nigeria, Paraguay, Sierra Leone and Venezuela, 306 patients with a life expectancy of at least two years, a clear medical need for pacemaker therapy and no financial means to acquire one were randomly assigned to receive a reconditioned pacemaker or a new pacemaker.

The researchers’ primary concern was that reconditioned devices, which had been removed from other patients, might transmit infections when re-implanted.

A year after the pacemakers were implanted, the incidence of procedure-related infections was 1.6% for those in the reconditioned pacemaker group and 3.1% for those who got new devices. The results demonstrate that the older devices were non-inferior to new ones, the researchers said in a statement.

There were no device malfunctions in either group.

The study was conducted by doctors at the University of Michigan-based Project My Heart Your Heart, which collects pacemakers removed from cadavers by funeral directors.

“Patients in many low- and middle-income countries still have very limited access to cardiac pacing despite its routine use in higher-income countries,” study leader Dr. Thomas Crawford from the University of Michigan said in a statement.

“Indeed, access to pacemaker implantation is around 200-fold lower in Africa than in Europe," Crawford said.

Project My Heart Your Heart developed a comprehensive protocol for cleaning, functional testing and sterilizing reconditioned devices, and has U.S. approval for their export to countries whose governments have provided permission for pacemaker importation, he added.

(Reporting by Nancy Lapid; Editing by Bill Berkrot)

(([email protected]))

Updates

** Shares of Torrent Pharma TORP.NS climb as much as 2.5% to a record high of 3,713.1 rupees

** Stock is second-top gainer in the pharma sub-index .NIPHARM, which is up 0.18%

** The drugmaker's Q1 consol net profit up 20% y/y on strong demand for drugs used to treat long-term conditions

** At least 10 brokerages increased PTs after the results, raising median PT to 3,800 rupees from 3,580 rupees last month, as per data compiled by LSEG

** HSBC says continued traction in TORP's India and Brazil segments, a pick-up in U.S. sales to support a healthy EBITDA margin outlook

** Co expects EBITDA margins of at least 32.9% for the remaining quarters of FY26; its operating EBITDA margins stood at 32.5% in Q1

** Jefferies expects TORP's India, Brazil sales to continue outperforming, while losses in U.S. likely to reduce through fiscal year

** TORP up ~8% YTD, as of Monday's close

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

July 28 (Reuters) - Torrent Pharmaceuticals Ltd TORP.NS:

• Q1 CONSOL NET PROFIT 5.48 BILLION RUPEES

• Q1 CONSOL TOTAL REVENUE FROM OPERATIONS 31.78 BILLION RUPEES; IBES EST 31.57 BILLION RUPEES

Further company coverage: TORP.NS

(([email protected];))

July 21 (Reuters) - Torrent Pharmaceuticals Ltd TORP.NS:

• BOARD TO CONSIDER DEBENTURE/BOND ISSUANCE

• TO CONSIDER ISSUE VIA PRIVATE PLACEMENT

Source text: ID:nBSE3p8mYb

Further company coverage: TORP.NS

(([email protected];;))

July 3 (Reuters) - J B Chemicals and Pharmaceuticals Ltd JBCH.NS:

• AGREES TO BUY FURTHER 2.41% STAKE OF J.B. CHEMICALS FOR ABOUT 6.2 BILLION RUPEES

Source text: ID:nBSE82mH2n

Further company coverage: JBCH.NS

(([email protected];))

June 30 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.

- Canada scrapped its digital services tax targeting U.S. technology firms late on Sunday, just hours before it was due to take effect, in a bid to advance stalled trade negotiations with the United States.

- ASL Strategic Value Fund plans to push shareholders of drugmaker Avadel Pharmaceuticals AVDL.O to vote to remove the company's board, citing mismanagement in the launch of its flagship sleep disorder drug.

- India's Torrent Pharmaceuticals TORP.NS will acquire a 46.39% controlling stake in smaller peer JB Chemicals and Pharmaceuticals JBCH.NS from New York-based investment firm KKR KKR.N.

- Two firefighters were shot dead while responding to a fire in northern Idaho and the body of a man was later found with a gun nearby, the Kootenai County Sheriff's Office said on Sunday, as it lifted a shelter-in-place order.

- Public calls for lower interest rates of the kind directed by President Trump toward Federal Reserve Chair Jerome Powell are not a threat to the central bank's independence, the Bank for International Settlements said Sunday.

(Compiled by Bengaluru newsroom)

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June 29 (Reuters) - KKR & Co Inc KKR.N:

• TORRENT PHARMA TO ACQUIRE CONTROLLING STAKE IN J. B. CHEMICALS & PHARMACEUTICALS FROM KKR

• KKR & CO INC - TORRENT TO BUY 46.39% STAKE IN JB PHARMA FOR INR 11,917 CRORES

• KKR & CO INC - DEAL VALUED AT INR 25,689 CRORES

• KKR & CO INC - TORRENT INTENDS TO BUY ADDITIONAL 2.80% EQUITY SHARES

• KKR & CO INC - OPEN OFFER PRICE SET AT INR 1,639.18 PER SHARE

• KKR & CO INC - JB PHARMA SHAREHOLDERS TO RECEIVE 51 TORRENT SHARES FOR EVERY 100 JB PHARMA SHARES

Source text: ID:nBw7fWkMMa

Further company coverage: KKR.N

(([email protected];))

June 26 (Reuters) - Torrent Pharmaceuticals Ltd TORP.NS:

• TORRENT PHARMA - ISSUED COMMERCIAL PAPERS FOR AN AMOUNT OF 3 BILLION RUPEES

Source text: ID:nBSE5cWXrj

Further company coverage: TORP.NS

(([email protected];;))

June 20 (Reuters) - Torrent Pharmaceuticals Ltd TORP.NS:

• ISSUES COMMERCIAL PAPERS WORTH 2 BILLION RUPEES

Source text: ID:nBSEV7Cdc

Further company coverage: TORP.NS

(([email protected];))

May 20 (Reuters) - Torrent Pharmaceuticals Ltd TORP.NS:

• Q4 CONSOL NET PROFIT 4.98 BILLION RUPEES; IBES EST 5.19 BILLION RUPEES

• Q4 CONSOL TOTAL REVENUE FROM OPERATIONS 29.59 BILLION RUPEES; IBES EST 29.85 BILLION RUPEES

• DIVIDEND 6 RUPEES PER SHARE

• RECOMMENDED MEMBERS TO OBTAIN ENABLING APPROVAL FOR 50 BLN RUPEES SHARE ISSUANCE

Further company coverage: TORP.NS

(([email protected];))

May 13 (Reuters) - Torrent Pharmaceuticals Ltd TORP.NS:

• TORRENT PHARMACEUTICALS LTD - BOARD TO CONSIDER FUNDRAISING

Source text: ID:nBSE3SfPcz

Further company coverage: TORP.NS

(([email protected];;))

March 26 (Reuters) - Torrent Pharmaceuticals Ltd TORP.NS:

• TORRENT PHARMACEUTICALS LTD - ISSUES 2 BILLION RUPEES COMMERCIAL PAPERS

Source text: ID:nBSE27YSlR

Further company coverage: TORP.NS

(([email protected];))

March 25 (Reuters) - Torrent Pharmaceuticals Ltd TORP.NS:

• TORRENT PHARMACEUTICALS LTD - ISSUES 3 BILLION RUPEES COMMERCIAL PAPERS

Source text: ID:nBSE3TY9f0

Further company coverage: TORP.NS

(([email protected];;))

** Shares of Torrent Pharmaceuticals TORP.NS rise as much as 3.5% to 3,360.70 rupees

** The pharmaceutical company on Friday reported a 13.5% Y/Y rise in Q3 consol net profit while total rev from ops rose 2.8% Y/Y

** TORP is the only stock in green in the Nifty pharma sub-index .NIPHARM, which is down 2.3%

** Stock currently above 50-day, 100-day and 200-day exponential moving averages

** More than 783,000 shares change hands, 3.1x of 30-day avg

** Avg rating of 26 analysts equivalent of "hold", median PT is 3,584.50 rupees - LSEG data

** Stock rose 45.7% in 2024 vs 39.1% gains by Nifty pharma

(Reporting by Ashish Chandra in Bengaluru)

(([email protected] (+91 7982114624))

Jan 24 (Reuters) - Torrent Pharmaceuticals Ltd TORP.NS:

• DIVIDEND 26 RUPEES PER SHARE

• Q3 CONSOL NET PROFIT 5.03 BILLION RUPEES; IBES EST 5.13 BILLION RUPEES

• Q3 CONSOL TOTAL REVENUE FROM OPERATIONS 28.09 BILLION RUPEES; IBES EST 29.92 BILLION RUPEES

Source text: [ID:]

Further company coverage: TORP.NS

(([email protected];;))

Dec 26 (Reuters) - Torrent Pharmaceuticals Ltd TORP.NS:

• ISSUES COMMERCIAL PAPERS WORTH 2 BILLION RUPEES

Source text: ID:nBSE2DtznC

Further company coverage: TORP.NS

(([email protected];))