AZB & Partners represented the Board of JB Chemicals and Pharmaceuticals (JB Pharma) in Torrent Pharmaceutical’s (Torrent Pharma) acquisition of 46.39% equity stake in JB Pharma from KKR at an equity valuation of INR 25,689 crores (on fully diluted basis) followed by an open offer to acquire up to 26% from the public shareholders of JB Pharma. This deal is also followed by a merger of JB Pharma and Torrent Pharma through a scheme of arrangement.
The deal team comprised Senior Partner Vaidhyanadhan Iyer, Partner Jeet Chaudhuri, Counsel Himanshoo Tembe and Senior Associate Sana Nagar, with support from Associates Priya Venkatesan, Abhinav Shankarraman and Akanksha Khandelwal.
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