Torrent Buys JB Pharma Stake, Plans Merger with KKR Exit

  Published 1 year 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.

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