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flag India's antitrust body clears Torrent's ₹11.9B takeover of J. B. Chemicals, pending a 26% open offer.

flag The Competition Commission of India has approved Torrent Pharmaceuticals' acquisition of J. flag B. flag Chemicals & Pharmaceuticals, including a 46.39% stake from KKR’s affiliate and an additional 2.80% from employees, for about ₹11.9 billion, with a subsequent open offer to acquire up to 26% more. flag The deal, valued at ₹6.8 billion, is subject to voluntary modifications and will result in J. flag B. flag Chemicals merging into Torrent. flag The transaction, India’s second-largest pharma deal, aims to expand Torrent’s portfolio in formulations, APIs, and contract manufacturing. flag The CCI found no significant competition concerns after the modifications.

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