With this deal, Torrent Pharma claims to be entering the league of top 10 players in the dermatology segment and becoming a leader in the cosmetic dermatology space.Ĭuratio boasts of a strong presence in the cosmetic dermatology segment with a portfolio of over 50 brands marketed in India. The consideration includes Rs 115 crore (on the date of signing) of cash and cash equivalents in the acquired business, indicating an enterprise value of Rs 1,885 crore, Torrent Pharma said in a statement. Sequoia Capital had invested Rs 95 crore ($15.8 million) to buy a 33% stake in Curatio in 2014. Torrent Pharmaceuticals Limited on Tuesday announced that it has entered into definitive agreements to acquire 100% stake in Sequoia Capital-backed dermatology products maker Curatio Healthcare Private Limited for about $245 million (Rs 2,000 crores).
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