Torrent Pharma shares in focus after CCI clears Rs 19,500 crore acquisition of JB Chemicals

Torrent Pharmaceuticals shares are expected to see activity. The Competition Commission of India has approved Torrent Pharma’s plan to acquire a majority stake in JB Chemicals and Pharmaceuticals. This significant deal, valued at Rs 19,500 crore, will make Torrent Pharma India’s second-most valued pharma company upon completion. The acquisition involves shareholding and amalgamation.