Torrent Pharmaceuticals has received clearance from the Competition Commission of India (CCI) for its proposed acquisition of a significant stake in JB Chemicals & Pharmaceuticals. "The Commission approved the proposed combination subject to compliance with voluntary modifications offered by the parties (Torrent Pharmaceuticals Ltd and JB Chemicals & Pharmaceuticals Ltd),” it added. Advertisement

"Commission approves acquisition of JB Chemicals & Pharmaceuticals Ltd by Torrent Pharmaceuticals Ltd with voluntary modifications," the competition watchdog said in a post on X.

This will be the second biggest deal in the pharma sector ever after Sun Pharmaceutical Industries’ 2015 acquisition of Ranbaxy Laboratories. After stake purchase, JB Pharma will merge into Torrent.

The approval is co

See Full Page