Elder Pharmaceuticals appoints Deloitte to rejig business

Elder Pharmaceuticals has appointed consulting firm Deloitte for restructuring the company and its brands including 'Eldervit' following the sale of its formulation business to Torrent Pharmaceuticals for Rs 2,004 crore. As per the deal, major chunk of Elder Pharma's employees will be joining Ahmedabad-based Torrent Pharmaceuticals after March 31 and would need an organisational restructuring. It will be part of Deloitte's consultancy job, the statement added.

Read the Economic Times news report here.