Torrent proceeds with open offer to acquire stake in J.B. Chemicals

Torrent Pharmaceuticals Limited has announced an open offer to acquire up to 4,17,45,264 fully paid-up equity shares of J.B. Chemicals & Pharmaceuticals Limited, representing 26.00% of the expanded share capital. The offer price is set at INR 1,639.18 per share, valuing the total transaction at approximately INR 6,842.8 crore, assuming full acceptance.

The offer opening advertisement and corrigendum to the detailed public statement (DPS) were published on November 17, 2025, in major national and regional newspapers. This follows the initial DPS published on July 4, 2025, in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

NovaaOne Capital Private Limited is acting as the manager to the open offer. The offer details, including timelines for tendering shares, have been disseminated.