Torrent Buys JB Pharma Stake, Plans Merger with KKR Exit

  Published 9 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

City Union Bank Gains on Strong Q1 Show

RBI Report: Interest Rates Drop in 2025

Tata Communications Outperform Rating & Growth Outlook

Rupee Hits Record Low Ahead of RBI Policy

India-China Discuss Rare Earth Supply Chain Stability

Titagarh Expands for Train Production

Cartrade Shares Surge 4.2% on Traffic Spike

News that matters the most ⚡