The Economic Times of India reports that the company has formed a committee to investigate how to raise the capital which will be needed to repay debt and fund acquisitions.
Swati Piramal, strategic alliances and communications director at Piramal, explained that the company is “looking at acquisitions in healthcare and pharma like over-the-counter (OTC), patented drugs, contract research and research molecules”.
Piramal added that the company is open to acquisitions in “any geography”.