India, July 18 -- Ahmedabad-based Torrent Pharmaceuticals has approached the Competition Commission of India (CCI) to secure approval for its proposed acquisition of a majority stake in JB Chemicals and Pharmaceuticals, a deal valued at ?19,500 crore.
Following the completion of the transaction, Torrent Pharma is set to become the second most valuable pharmaceutical company in India.
The move comes after Torrent Pharma announced its intention in June this year to acquire a controlling stake in JB Chemicals as part of its strategic growth plan.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....