JB Chemicals & Pharmaceuticals Limited — Important, 30-06-2025: General Updates

Torrent Pharmaceuticals Limited has announced a board meeting to approve the acquisition of control over J. B. Chemicals & Pharmaceuticals through a share purchase agreement to buy 46.39% stake at INR 1,600 per share, totaling INR 11,917 Cr. An open offer for an additional 26% stake at INR 1,639.18 per share valuing up to INR 6,842 Cr is underway. The companies also approved a merger scheme where J.B. Chemicals will be amalgamated into Torrent with equity shares issued to J.B. Chemicals’ shareholders, consolidating Torrent’s control to over 72% post-transaction.