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Torrent Pharma up on block deal

Our Bureau

Mumbai, June 17 Riding on the back of a mega block deal of 25.8 lakh shares, the Ahmedabad-based Torrent Pharmaceuticals rose by almost 20 per cent on the BSE and NSE. The shares were rejigged within the promoter group, according to company officials.

The spike in Torrent Pharma shares also generated interest, in the backdrop of the recent stake sale by Ranbaxy’s promoters to Japanese drug-maker Daiichi. Torrent stock was locked in the upper circuit after it touched an intra-day high of Rs.185, a gain of 19.97 per cent over the previous day’s close on BSE.

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