Acquisitions21 Oct 2025, 10:51 pm
Torrent Pharma Receives CCI Approval for Controlling Stake in J.B. Chemicals & Pharmaceuticals
AI Summary
Torrent Pharmaceuticals Ltd. has announced that the Competition Commission of India (CCI) has granted its approval for Torrent Pharma to acquire a controlling stake in J.B. Chemicals & Pharmaceuticals from KKR. This approval is subject to the parties complying with voluntary modifications to be outlined in CCI’s final order. The transaction was first announced in June 2025 and received media release and stock exchange intimation in July and September 2025 respectively.
Key Highlights
- Torrent Pharmaceuticals Ltd. to acquire controlling stake in J.B. Chemicals & Pharmaceuticals from KKR
- Competition Commission of India (CCI) has granted approval for the transaction
- Approval subject to parties complying with voluntary modifications to be outlined in CCI’s final order
- Transaction was first announced in June 2025
- Received media release and stock exchange intimation in July and September 2025