Torrent Pharmaceuticals seeks CCI’s nod to acquire majority stake in J B Chemicals
After the completion of the deal, Torrent Pharmaceuticals will become India's second most valued pharma company
Torrent Pharmaceuticals has sought fair trade regulator -- Competition Commission of India's (CCI) clearance to acquire a majority stake in J B Chemicals and Pharmaceuticals in a Rs 19,500-crore deal. After the completion of the deal, Torrent Pharmaceuticals will become India's second most valued pharma company. The development came after Torrent Pharmaceuticals in June this year announced the acquisition of a majority stake in J B Chemicals and Pharmaceuticals in a Rs 19,500-crore deal.
Torrent Pharmaceuticals (Torrent Pharma) is flagship company of the Torrent group, a leader in cardiovascular and central nervous system segments. It also has presence in gastro-intestinal, diabetology, anti-infective and pain management segments.
