New Delhi, July 10 -- Shares of JB Chemicals and Pharmaceuticals Ltd were flat between October 2016 and October 2019. But in the past eight months, they have more than doubled. This has partly got to do with the news of a buyout by a private equity firm, which has been floating in the market for a while.
Besides, investor sentiment for pharmaceutical stocks has improved in the recent months.
The upshot: shareholders of JB Chemicals are sitting on hefty gains already. News of the buyout by KKR and its open offer at '745 per share may not seem too exciting at first, given that the shares currently trade at '718 on the bourses.
However, against the backdrop of about 116% gains in the past eight months, shareholders seem to be getting a dece...