News for Torrent Pharmaceuticals Limited (TORNTPHARM.BO)

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The Nifty Pharma index closed 0.54 per cent up at 22662.7.

The Nifty Pharma index was trading 0.95 per cent down at 22317.3.

The Nifty Pharma index was trading 0.27 per cent up at 22655.9.

The Nifty Pharma index closed 0.83 per cent up at 22410.35.

The Nifty Pharma index closed 0.42 per cent up at 22204.25.

The Nifty Pharma index closed 0.32 per cent up at 22110.8.

The Nifty Pharma index was trading 0.02 per cent down at 22037.75.

Torrent expects JB Pharma deal to reach completion over 15-18 months

Torrent Pharmaceuticals will acquire a controlling stake in J.B. Chemicals. The deal is worth Rs 11,917 crore. Torrent Pharma approved the acquisition in a board meeting. They will acquire shares from Tau Investment Holdings. An open offer to public shareholders is also proposed. The acquisition awaits regulatory approvals. Post-acquisition, Torrent will gain promoter status.

Torrent Pharmaceuticals acquires JB Chemicals & Pharmaceuticals from KKR, aiming to strengthen market share and expand globally.

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The Nifty Pharma index closed 0.55 per cent up at 21928.6.

The Nifty Pharma index closed 0.61 per cent up at 21804.8.

The Nifty Pharma index was trading 0.66 per cent up at 21815.05.

The Nifty Pharma index was trading 0.94 per cent down at 21831.4.

The Nifty Pharma index closed 0.1 per cent down at 22036.15.

The Nifty Pharma index was trading 0.37 per cent up at 22028.8.

The Nifty Pharma index closed 0.56 per cent up at 21948.0.