Torrent Buys JB Pharma Stake, Plans Merger with KKR Exit

  Published 11 months ago

Torrent acquires 46.39% of JB Pharma from KKR, plans merger, valuing it at $3.01B for expanded market presence.

  • Torrent pays 119.17B rupees for stake, then offers 1,639.18 rupees per share to public shareholders.
  • Mergers will exchange 51 Torrent shares for every 100 JB Pharma shares held.
  • KKR exits with 5x return, 36% IRR since 2020 investment at 745 rupees per share.

You might like these

India to Become 3rd Largest Economy

India Bank Stocks Hit Record High on Strong GDP-Rate Cuts

Bank of Baroda Profit Jumps 15%

RBI Steps In as Rupee Recovers

BEL Q1 Profit Jumps 22% YoY

India’s Forex Reserves Fall $3 Billion

Trump Warns BRICS of 10% Tariffs

News that matters the most ⚡