03:49 AM EDT, 06/30/2025 (MT Newswires) -- KKR (KKR) and Torrent Pharmaceuticals said Sunday that Torrent has agreed to acquire a controlling stake in J.B. Chemicals and Pharmaceuticals from KKR at an equity valuation of 25,689 Indian crores in cash, followed by a merger of the two entities.

Under the deal, Torrent will first acquire a 46.39% equity stake in J.B. Chemicals through a share purchase agreement for 11,917 crores or 1,600 Indian rupees ($18.71) per share, followed by an open offer to acquire up to 26% of its shares at an open offer price of 1,639.18 rupees per share, the companies said.

Torrent also plans to acquire up to 2.80% of equity shares from certain employees of the company, the companies said.