Acquisitions30 Jun 2025, 05:31 am
Torrent Pharmaceuticals to Acquire 26.00% Stake in J.B. Chemicals & Pharmaceuticals for INR 68,42,80,01,844
AI Summary
Torrent Pharmaceuticals Limited has announced a public offer to acquire up to 4,17,45,264 equity shares of J.B. Chemicals & Pharmaceuticals Limited at a price of INR 1,639.18 per share. This represents 26.00% of the expanded share capital of J.B. Chemicals & Pharmaceuticals Limited and amounts to a total consideration of INR 68,42,80,01,844. The offer is being made pursuant to a share purchase agreement with the promoter seller and is subject to necessary statutory approvals.
Key Highlights
- Torrent Pharmaceuticals to acquire 26.00% stake in J.B. Chemicals & Pharmaceuticals
- Offer price set at INR 1,639.18 per share
- Total consideration amounts to INR 68,42,80,01,844
- Acquisition subject to necessary statutory approvals
- Transaction triggered by a share purchase agreement with the promoter seller