Torrent Pharma shares climb as govt approves FDI proposal
Source: IRIS | 18 Jun, 2015, 12.48PM
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 Torrent Pharmaceuticals, a manufacturer of wide range of pharmaceutical products, witnessed a rise of nearly 2% on Thursday after the goverment allowed the company to bring FDI worth Rs 30 billion by issuing shares.
The government has raised the limit of investment by foreign institutional investors (FII) from 13.09% to 35%. Shares of Torrent Pharmaceuticals are trading at Rs 1,331.15, up Rs 23.3, or 1.78% at the Bombay Stock Exchange (BSE) on Thursday at 12:46 p.m. The scrip has touched an intra-day high of Rs 1,367 and low of Rs 1,326.95. The total volume of shares traded at the BSE is 35,040.
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