Torrent Pharma to Acquire Curatio Healthcare

Torrent Pharmaceuticals Limited is nearing a deal to buy Curatio Healthcare, a skincare product maker. The deal will value Curatio at ₹2,100 crore. Torrent Pharma has been an active acquirer. Recently, in May 2022 it acquired four brands from Dr Reddy’s.

Existing Curatio investors such as ChrysCapital and Sequoia Capital will exit with this transaction. The company’s promoters, including GK Ramani, and management will also be leaving the company. In 2018, ChrysCap purchased the interest from Fulcrum Venture India for Rs130 crore. In 2014, Sequoia invested around Rs100 crore in Curatio.

Curatio was founded in 2005 by a group of former executives from American Remedies, notably K Ramanathan and Ramani, following the merger of their firm with Dr Reddy’s in 1999. Tedibar baby soap is their most popular brand.   Torrent Pharmaceuticals operates in more than 40 countries with over 2000 products globally. Torrent Pharma is ranked eighth in the Indian pharmaceuticals market.

For Future Conferences Visit: https://usa-canada.virtueinsight.com/upcoming-conferences/