Torrent, JB Chemicals finalising steps for two-stage merger, combine may find place in pharma big 5

Torrent Pharmaceuticals and JB Chemicals & Pharmaceuticals are finalizing merger terms in a two-stage deal. Torrent will first acquire KKR's 47.84% stake in JB Chemicals for approximately ₹13,433 crore, financed by global banks, potentially triggering an open offer. The subsequent merger aims to create synergies, positioning Torrent among India's top five pharma players with a combined value of ₹1.

from Healthcare/Biotech-Industry-Economic Times https://ift.tt/2PNfkOi
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