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

Torrent Pharmaceuticals Limited has announced an open offer to purchase up to 4,17,45,264 fully paid-up equity shares of J.B. Chemicals & Pharmaceuticals Limited. This represents 26.00% of the expanded share capital at an offer price of INR 1,639.18 per equity share, totaling a maximum consideration of INR 6,842,80,01,844. The offer commences on Tuesday, November 18, 2025, and closes on Monday, December 1, 2025.

This mandatory offer follows Torrent's agreements to acquire 46.39% and up to 2.41% of J.B. Chemicals' expanded share capital from the Promoter Seller and Other Sellers, respectively, at INR 1,600 per share. The acquisition aims to gain sole control, enhance product offerings, achieve operational synergies, and streamline business. Regulatory approvals from the CCI and shareholders have been received.

Eligible shareholders can tender their shares in dematerialized or physical form, with acceptance on a proportionate basis if the offer is oversubscribed. The acquirer has confirmed adequate financial resources for the offer, comprising internal accruals and debt facilities.