Indian Torrent Pharmaceuticals explores $3B loan for potential JB Chemicals acquisition and KKR stake purchase.

Indian drugmaker Torrent Pharmaceuticals is considering raising $3B from global banks to potentially acquire a controlling stake in JB Chemicals, with the aim to purchase KKR & Co.'s 53.8% stake. Dealmaking activity in India has accelerated this year due to the country's fast-growing economy. Torrent is in discussions with lenders including Barclays, Deutsche Bank, and Standard Chartered.

August 13, 2024
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