Torrent Pharma launches open offer for J.B. Chemicals shares

Torrent Pharmaceuticals, through its manager NovaaOne Capital Pvt Ltd, has announced an open offer to acquire up to 41,745,264 equity shares of J.B. Chemicals & Pharmaceuticals, representing 26% of the expanded share capital. The offer price is set at INR 1,639.18 per share, potentially amounting to a total consideration of INR 6,842,80,01,844 assuming full acceptance. This announcement follows Torrent's initial public statement on June 29, 2025. J.B. Chemicals has also confirmed compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations, 2015, and has published the required detailed public statement in major newspapers, including The Financial Express, Jansatta, and Navshakti. The offer signifies Torrent's strategic move to increase its stake in J.B. Chemicals & Pharmaceuticals.