India, June 30 -- image credit- shutterstock

Ahmedabad-based Torrent Pharmaceuticals and global investment firm KKR have announced that Torrent has entered into definitive agreements to acquire controlling stake in Mumbai-based J. B. Chemicals and Pharmaceuticals (JB Pharma) from KKRat an Equity Valuation of Rs 25,689 crore (on fully diluted basis), followed by a merger of the two entities.

The transaction marks a significant step in Torrent's ambition to create a future-ready, diversified healthcare platform combining a deep chronic segment heritage with emerging international contract development and manufacturing organisation (CDMO) capabilities.

The transaction will be executed in 2 phases: (1) Acquisition of 46.39% equity stake (o...