Close Menu
Buzz NewsBuzz News
    Facebook X (Twitter) Instagram
    Trending
    • Early investor Banga to sell 2% in Nykaa
    • Tyre exports hit record high of 25k cr in FY25 | India News
    • Zero tariffs for US: Donald Trump announces trade deal with Vietnam; latter subjected to 20% duty
    • Tesla EV sales plunge! 13% drop in three months; anti-Elon Musk sentiment harms
    • Where are silver prices headed? Rich Dad Poor Dad author sees ‘explosion’ in July; here’s the outlook
    • Prada Kolhapuri ‘scandal’: How the controversy sparked a big surge sales of this Indian sandal; centuries-old craft sees boost
    • RBI floating rates savings bonds: Interest rate at 8.5% for July-December 2025; here’s what you should know
    • What is Donald Trump’s net worth? Billionaire US President has a big portfolio of cryptocurrencies, stocks & more – top details
    • Whopping $82.3 billion cost? Donald Trump’s tariffs may hit US employers in a big way, says JPMorganChase Institute analysis
    • Kuwait’s e-permit exit rule: Expat workers need employer’s nod to fly out; how to obtain it?
    Buzz NewsBuzz News
    Thursday, July 3
    • Home
    • Cryptocurrency
    • Investment Tips
    • Finance
    • Home Insurance
    • Market News
    • Life Insurance
    Buzz NewsBuzz News
    Home»Investment Tips»Torrent Pharma revives talks to buy KKR stake in JB Chem
    Investment Tips

    Torrent Pharma revives talks to buy KKR stake in JB Chem

    BuzzNewsBy BuzzNewsJune 28, 2025No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Torrent Pharma revives talks to buy KKR stake in JB Chem
    Share
    Facebook Twitter LinkedIn Pinterest Email Telegram WhatsApp Copy Link

    Torrent Pharma revives talks to buy KKR stake in JB Chem

    NEW DELHI: Ahmedabad-based Torrent Pharma has revived talks with PE major KKR to buy its stake in Mumbai-based JB Chemicals & Pharmaceuticals in a deal which could cost around Rs 20,000 crore. KKR’s nearly 48% stake in JB Chem is valued approximately Rs 13,400 crore at its stock’s closing price of Rs 1,803 per share on BSE on Friday. The transaction, which will trigger an open offer by Torrent for up to 26% of the company’s stake held by public shareholders, is expected to be finalised soon, sources said. Discussions between KKR and other bidders, including Torrent and Micro Labs, ended last year due to valuation concerns. Efforts to reach Torrent Pharma and JB Chem were futile, and KKR officials were not available for comments.The US private equity major has been seeking to exit its investment in JB Chem for some time, and sources indicated this time the deal with Torrent Pharma is likely to proceed. Typically, private equity firms aim to exit investments within three-to-four years. In March, KKR divested about 7% stake through block deals. In July 2020, the PE major had acquired 54% in JB Chem from the promoters, the Mody family, for approximately Rs 3,100 crore or Rs 745 per share.Post acquisition, the company scaled up its domestic formulations business with a strong growth in cardiac, ophthalmology and anti-parasitic therapies. Over the years, the company ramped up its domestic play and improved its revenue from segments that offer sustainable growth and margins. Using organic and inorganic routes, it launched new products that have helped plug gaps in the business. For 2024-25, JB Pharma recorded a revenue of Rs 3,918 crore, registering 12% growth. With a growth of 12%, it outperformed domestic pharma market, which grew 8%.Its top six brands – Rantac, Cilacar, Cilacar-T, Nicardia, Metrogyl, Azmarda – feature among top 300 domestic brands.

    Buy Chem KKR Pharma revives stake Talks Torrent
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous Article3rd time lucky? Shein set to file for Hong Kong IPO
    Next Article HDB Fin’s IPO subscribed 17x, most in 4 years
    BuzzNews
    • Website

    Related Posts

    Early investor Banga to sell 2% in Nykaa

    July 2, 2025

    Tyre exports hit record high of 25k cr in FY25 | India News

    July 2, 2025

    Zero tariffs for US: Donald Trump announces trade deal with Vietnam; latter subjected to 20% duty

    July 2, 2025

    Leave A Reply Cancel Reply

    Recent Posts

    Early investor Banga to sell 2% in Nykaa

    July 2, 2025

    Tyre exports hit record high of 25k cr in FY25 | India News

    July 2, 2025

    Zero tariffs for US: Donald Trump announces trade deal with Vietnam; latter subjected to 20% duty

    July 2, 2025

    Tesla EV sales plunge! 13% drop in three months; anti-Elon Musk sentiment harms

    July 2, 2025

    Where are silver prices headed? Rich Dad Poor Dad author sees ‘explosion’ in July; here’s the outlook

    July 2, 2025
    Our Picks

    Bitcoin Remains Above $60,000, Bittensor Becomes Top Gainer

    August 23, 2024

    Prospects For Cryptocurrency Development In South Asia

    August 23, 2024

    Trump announces The DeFiant Ones, a new cryptocurrency platform

    August 23, 2024

    Hackers use McDonald’s Instagram account to steal $700,000 in cryptocurrency scam

    August 22, 2024
    About

    Welcome to BuzzNews, your go-to source for the latest in insurance and finance news. Our mission is to provide you with accurate, timely, and insightful information to help you make informed decisions. From life insurance to personal finance, market news to investment tips, we cover a wide range of topics to keep you updated and knowledgeable.

    Popular Posts

    Early investor Banga to sell 2% in Nykaa

    July 2, 2025

    Tyre exports hit record high of 25k cr in FY25 | India News

    July 2, 2025

    Zero tariffs for US: Donald Trump announces trade deal with Vietnam; latter subjected to 20% duty

    July 2, 2025
    OUR CATEGOIRES
    • Cryptocurrency
    • Finance
    • Health Insurance
    • Home Insurance
    • Investment Tips
    • Life Insurance
    • Market News
    Copyright © 2024. BuzzNews. All Rights Reserved.
    • Sitemap
    • DMCA
    • Terms and Conditions
    • Privacy Policy
    • Contact Us
    • About Us

    Type above and press Enter to search. Press Esc to cancel.