Torrent in Rs 18,000 crore deal, 2nd largest in pharma sector

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Torrent Pharma is set to acquire a controlling stake in JB Chemicals & Pharmaceuticals for approximately Rs 18,000 crore, marking the second-largest pharma deal in India. The acquisition involves purchasing a 46.4% stake from KKR, followed by an open offer to public shareholders. This deal will create India's second most valued pharma company, with substantial revenue and a top-five ranking.

from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/FW5ajoT

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