Torrent Pharma to buy stakes in JB Chemicals and Pharmaceuticals in a deal worth over Rs 25,000 crore
Leading pharma firm Torrent Pharma has informed that it will buy a controlling 46.39% stake in JB Chemicals and Pharmaceuticals from global investment firm KKR. The deal is expected to be worth Rs 25,689 crore on a fully diluted basis.
According to the Torrent Group, the transaction marks a significant step in Torrent’s ambition to create a future-ready, diversified healthcare platform, combining a deep heritage in the chronic segment with emerging international CDMO capabilities.
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