Gujarat-based pharmaceutical giant Torrent Pharma announced on Sunday, 29 June 2025, that it is in definitive agreements with global investment giant KKR to acquire a majority stake in JB Chemicals, according to an exchange filing.
The potential acquisition details show that the company plans to acquire J. B. Chemicals and Pharmaceuticals at an equity valuation of ₹25,689 crore on a fully diluted basis, which will be followed by a merger of the two companies.
The deal is set to be carried out in several phases. Torrent Pharma will acquire a 46.39% stake through a share purchase agreement (SPA) in the first phase, which will total ₹11,917 crore at the rate of ₹1,600 per share.
(This is a breaking story. The story will be updated soon)
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