The deal marks the fifth acquisition for Torrent. In 2014, Torrent had acquired a set of Elder brands. In the past few years it has acquired manufacturing plants from ZygPharma and Glochem industries and few brands from Novartis.
Management seems upbeat on transformational changes in key end markets of retail and BFSI but also point out that a turnaround in those segments would take time.
For long term investors looking to play the lucrative theme of financial intermediation, MAS offers steady growth with high quality.
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com shared his reading and outlook on the market and stocks across various sectors.