On 30th June 2015, one of the leading Pharma companies of the country, Torrent Pharma, has entered into a binding agreement for acquiring the API manufacturing unit of Hyderabad base Glochem Industries Limited. This Vizag unit will be acquired along with a few Drug Master Files (DMF) as a going concern on slump sale basis.Torrent Pharma, as on this day, has five formulation manufacturing units and after this acquisition, it will have 3 API facilities for regulated markets in future.