Veteran pharma company Torrent Pharma has hoped that the acquisition of JB Chemicals and Pharma (JB PHARMA) will be completed in 15 to 18 months. The deal is about 19500 crores, which is going to prove to be the second biggest deal in the Indian pharma industry. Although the deal will not be in the same phase, but first Torrent Pharma will buy its promoter global investment firm Tau Investments Holdings PTE LTD to buy 46.39% stake of JB Pharma. This purchase will be for ₹ 11,917 crore. After this, there will be a purchase of 2.80% stake for ₹ 719 crore at a price of ₹ 1600 per share from some employees. After these two, Torrent Pharma will bring an open offer from public shareholders to purchase 26% stake in ₹ 6,842.8 crore at a price of ₹ 1,639.18.
