Pharma mergers: Torrent to acquire majority stake in JB Chemicals for Rs 19,500 crore, open offer to follow
Torrent Pharmaceuticals is set to acquire a controlling stake in JB Chemicals & Pharmaceuticals for Rs 19,500 crore, potentially becoming India’s second most-valued pharma firm. The deal involves acquiring a 46.39% stake from promoters and an additional stake from employees, followed by an open offer for public shareholders.
Torrent Pharmaceuticals is set to acquire a controlling stake in JB Chemicals & Pharmaceuticals for Rs 19,500 crore, potentially becoming India’s second most-valued pharma firm. The deal involves acquiring a 46.39% stake from promoters and an additional stake from employees, followed by an open offer for public shareholders.
