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Torrent to retain JB Pharma top deck after acquisition
Mint Mumbai
|July 01, 2025
Ahmedabad-based drugmaker Torrent Pharmaceuticals will not make leadership changes at JB Chemicals and Pharmaceuticals, its management told investors in a call on Monday, a day after announcing a nearly ₹19,500-crore deal to buy a controlling stake.
Torrent said on Sunday that it would acquire a controlling stake in JB Pharma from global investment firm KKR, at an equity value of ₹25,689 crore.
"At this stage, all we can share is that there is no intention to change anything in business as usual," Aman Mehta, whole time director and managing director-designate at Torrent told investors when asked about leadership plans for JB Pharma.
This story is from the July 01, 2025 edition of Mint Mumbai.
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