Acquisitions7 Nov 2025, 08:37 am
Torrent Pharmaceuticals to Acquire 26.00% Stake in J.B. Chemicals & Pharmaceuticals for INR 1,639.18 per Share
AI Summary
Torrent Pharmaceuticals Limited, a public company limited by shares, has announced a public offer to acquire up to 26.00% of the expanded share capital of J.B. Chemicals & Pharmaceuticals Limited. The offer is priced at INR 1,639.18 per fully paid-up equity share, in compliance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The offer is not conditional upon any minimum level of acceptance or a competing offer.
Key Highlights
- Torrent Pharmaceuticals to acquire up to 26.00% stake in J.B. Chemicals & Pharmaceuticals
- Offer price set at INR 1,639.18 per fully paid-up equity share
- Compliant with Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
- Not conditional upon any minimum level of acceptance
- No competing offer as of the date of the letter of offer