Torrent Pharma and JB Chemicals merger nearing completion
pre-market1 source ↓written by the desknot a recommendation
- in cardiac segments
- 11% market share
Torrent Pharma and JB Chemicals are finalizing their merger, with the Competition Commission of India granting approval after some adjustments. Shareholders will receive 51 shares of Torrent Pharma for every 100 shares of JB Chemicals. The merger aims to strengthen Torrent's position in the domestic market, targeting an 11% market share in cardiac segments. 📈
Not investment advice. For informational purposes only.