|
 |
| 1-4
September, 2006 Pragati Maidan, New Delhi, India |
 |
|
|
Torrent profits
Q2 results show hike
The second quarter ended for Torrent Pharmaceuticals on 30th September on a high note. The company’s total income for the reporting quarter rose to Rs.1.15 billion from Rs.1.19 billion in 2003- 04, posing a net profit of Rs.2.12 million as apposed to Rs.1.84million in the same period last fiscal.
The plan to raise $50 million through foreign currency, convertible debentures or depository receipts with a green shoe option of up to 15 percent is already approved by the directors. The board has also given its consent on ceiling on the foreign institutional investment upto 29 percent of capital subject to shareholders approval.
Date: 17-Nov-2004
Back
|
|
 |
|
|
|
 |
