News Details

( As on 30/06/2025 10:26)

Torrent Pharma to acquire JB Chemicals in Rs 19,500 crore deal

Torrent Pharmaceuticals on Sunday announced a Rs 19,500-crore acquisition of a majority stake in JB Chemicals and Pharmaceuticals, a move that will position it as India’s second most valued pharmaceutical company.

As part of the deal, Torrent will acquire a 46.39% stake from promoter Tau Investment Holdings Pte Ltd, a unit of a global investment firm, for approximately Rs 11,917 crore. Additionally, it will purchase a 2.80% stake from select JB Chemicals employees at the same acquisition price of Rs 1,600 per share, amounting to Rs 719 crore.

Following these acquisitions, Torrent will launch an open offer to acquire an additional 26% stake from public shareholders, in compliance with listing regulations, at Rs 1,639.18 per share — aggregating to Rs 6,842.8 crore.