CCI clears Torrent Pharma's proposal to buy stake in JB Chemicals

India's competition regulator CCI has approved Torrent Pharmaceuticals' acquisition of a stake in JB Chemicals and Pharmaceuticals. This deal, valued at Rs 19,500 crore, will make Torrent Pharmaceuticals the second most valued pharma company in India. The approval comes with voluntary modifications offered by both companies. This significant development marks a major consolidation in the Indian pharmaceutical sector.

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