Torrent Pharmaceuticals to Acquire 26.00% Stake in J.B. Chemicals & Pharmaceuticals for INR 1,639.18 per Share

Torrent Pharmaceuticals Limited, a public company limited by shares, has announced a public offer to acquire up to 4,17,45,264 fully paid-up equity shares of J.B. Chemicals & Pharmaceuticals Limited, representing 26.00% of the expanded share capital. The offer price is INR 1,639.18 per equity share, payable in cash. The offer is not conditional upon any minimum level of acceptance and is not a competing offer. The offer is subject to necessary statutory approvals. The public announcement and detailed public statement are available on the SEBI website.