Pharma mergers: Torrent to acquire majority stake in JB Chemicals for Rs 19,500 crore, open offer to follow

Torrent Pharmaceuticals is set to acquire a controlling stake in JB Chemicals & Pharmaceuticals for Rs 19,500 crore, potentially becoming India's second most-valued pharma firm. The deal involves acquiring a 46.39% stake from promoters and an additional stake from employees, followed by an open offer for public shareholders.

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