29/6/2025, 9:33:02 pm

Torrent Pharma to acquire majority stake in KKR-backed JB Chemicals

Torrent Pharma has agreed to acquire a majority stake in JB Chemicals & Pharmaceuticals for ₹25,689 crore on a fully diluted basis. The deal involves buying a 46.39% stake for ₹11,917 crore at ₹1,600 per share, followed by a merger. This is part of a larger acquisition plan, with further details expected soon.