Torrent Pharmaceuticals, through NovaaOne Capital, announces an open offer to acquire up to 4,17,45,264 equity shares of J.B. Chemicals & Pharmaceuticals Limited, representing 26.00% of the expanded share capital. The offer, beginning November 18, 2025, is priced at ₹1,639.18 per share. The Offer size is valued up to INR 6,842.80 million. This offer follows Torrent’s share purchase agreements with J.B. Chemicals’ promoter and other selling shareholders.
Open Offer Details
Torrent Pharmaceuticals, managed by NovaaOne Capital Private Limited, has announced an open offer to acquire up to 4,17,45,264 fully paid-up equity shares of J.B. Chemicals & Pharmaceuticals Limited. This represents 26.00% of the expanded share capital.
Financial Aspects
The offer price is set at ₹1,639.18 per equity share, payable in cash. The aggregate value of this offer reaches up to INR 6,842.80 million. according to the document provided.
Offer Period
The tendering period for the open offer is scheduled as follows:
• Offer Opens: November 18, 2025
• Offer Closes: December 1, 2025
Share Acquisition Agreements
This open offer follows share purchase agreements where Torrent has agreed to acquire shares from existing promoter: Tau Investment Holdings Pte. Ltd. and other selling shareholders. The promoter is expected to be re-classified as a public shareholder after this transaction.
Purpose of the Offer
This acquisition aims to bolster Torrent’s strategic position, allowing for better operational synergies between the two entities, while simultaneously increasing the scale of sustainable growth for the consolidated organization.
Revised Dates
The schedule of activities have been revised. The last date for SEBI observations is now October 30, 2025, and identified date is now November 3, 2025. The tendering period will begin on November 18, 2025.
Source: BSE
