Torrent Pharmaceuticals (TPL) shares jumped on Monday after it has completed acquisition of Elder Pharmaceuticals branded domestic formulations business in India and Nepal on a slump sale basis.
This transaction was in pursuance of the business transfer agreement entered into between TPL and Elder on Dec. 13, 2013.
Shares of the company are trading at Rs 719, up Rs 16.45, or 2.34% at the Bombay Stock Exchange (BSE) on Monday at 9:31 a.m.
The scrip has touched an intra-day high of Rs 719.25 and low of Rs 710. The total volume of shares traded at the BSE is 1,462.