I am invested in both Torrent and Unichem from some time. No doubt Torrent has paid a premium but for me the positives are -
- Past track record of Torrent in gaining from domestic acquisitions
- Not many overlapping products
- Unichem management was very conservative. Maybe under Torrent’s wing the business grows faster
Negative for me is the age of the Unichem plants. Not sure how much maintenance capex is required yoy.