Acquisition History / Torrent Pharmaceuticals / J.B. Chemicals & Pharmaceuticals

Torrent Pharmaceuticals Acquires J.B. Chemicals & Pharmaceuticals

Announced June 29, 2025 — $2.90B

Torrent PharmaceuticalsPharmaceuticals2025

What happened

Torrent Pharmaceuticals agreed to buy a controlling stake in Mumbai-listed J.B. Chemicals & Pharmaceuticals from KKR at an equity valuation of Rs 25,689 crore on a fully diluted basis. JB Chemicals makes branded formulations and is a contract manufacturer of lozenges. The deal is structured as a share purchase plus mandatory open offer, to be followed by a merger of JB into Torrent.

Acquirer
Torrent Pharmaceuticals
Target
J.B. Chemicals & Pharmaceuticals
Announced
June 29, 2025
Price
$2.90B
Industry
Pharmaceuticals
Buyer type
Strategic acquirer
Status
Announced, not yet closed

By the numbers

Torrent Pharmaceuticals's acquisition history
1st of 1 tracked deals
Disclosed prices
1 of 1 Torrent Pharmaceuticals deals
Torrent Pharmaceuticals's average disclosed price
$2.90B
Torrent Pharmaceuticals's largest disclosed deal
J.B. Chemicals & Pharmaceuticals ($2.90B)
Tracked acquisitions in 2025
503 across all acquirers
Torrent Pharmaceuticals in Pharmaceuticals
1 acquisition

Frequently Asked Questions About This Acquisition

When did Torrent Pharmaceuticals acquire J.B. Chemicals & Pharmaceuticals?

Torrent Pharmaceuticals acquired J.B. Chemicals & Pharmaceuticals on June 29, 2025. This was Torrent Pharmaceuticals's 1st publicly tracked acquisition out of 1 we have on record.

How much did Torrent Pharmaceuticals pay for J.B. Chemicals & Pharmaceuticals?

Torrent Pharmaceuticals paid $2.90B for J.B. Chemicals & Pharmaceuticals.

What does J.B. Chemicals & Pharmaceuticals do?

Torrent Pharmaceuticals agreed to buy a controlling stake in Mumbai-listed J.B. Chemicals & Pharmaceuticals from KKR at an equity valuation of Rs 25,689 crore on a fully diluted basis. JB Chemicals makes branded formulations and is a contract manufacturer of lozenges. The deal is structured as a share purchase plus mandatory open offer, to be followed by a merger of JB into Torrent.

What other Pharmaceuticals companies has Torrent Pharmaceuticals acquired?

J.B. Chemicals & Pharmaceuticals is Torrent Pharmaceuticals's only publicly tracked acquisition in Pharmaceuticals so far.

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