Torrent Pharma to acquire 46.39% stake in JB Pharma for Rs 11,917 crore

From Nasdaq: 2025-06-29 13:24:00

Torrent Pharmaceuticals Limited has agreed to acquire a controlling stake of 46.39% in J. B. Chemicals and Pharmaceuticals from KKR for Rs 11,917 crore. Additionally, Torrent Pharma will make a mandatory open offer to acquire up to 26% of JB Pharma shares from public shareholders at a price of INR 1,639.18 per share. The merger between the two companies will be through a scheme of arrangement, with every shareholder holding 100 shares in JB Pharma receiving 51 shares of Torrent. The acquisition was made at an equity valuation of Rs 25,689 crore, marking a significant step in Torrent’s healthcare platform strategy.



Read more at Nasdaq: Torrent Pharma To Buy 46.39% Stake In JB Pharma For Rs 11,917 Crore