Archive · 14 Jan 2026
Torrent Pharma to Raise $1.22 Billion for Acquisition
Torrent Pharmaceuticals, a big Indian medicine company, is planning to borrow a lot of money, about 110 billion rupees, to buy another company called JB Chemicals & Pharmaceuticals.
They will use this money to get a big part of JB and then combine the two companies.
Torrent is asking big investment groups to help them with this plan.
They will sell different types of bonds that will be paid back in 2, 3, 4, and 5 years.
This is the biggest deal of its kind so far this year.
Torrent Pharmaceuticals plans to raise 110 billion rupees ($1.22 billion) through multiple maturity bonds.
The company will issue bonds with maturities of 2, 3, 4, and 5 years.
Torrent aims to acquire a controlling stake in JB Chemicals & Pharmaceuticals for 257 billion rupees.
The acquisition will be followed by a merger of the two companies.
Large mutual funds and pension funds are tied up as anchor investors for the bond issues.
- Who
- Torrent Pharmaceuticals
- What
- Raising 110 billion rupees through multiple maturity bonds for acquisition
- When
- Financial year 2026, with bidding on Friday in January 2026
- Where
- India
- Why
- To acquire a controlling stake in JB Chemicals & Pharmaceuticals
- Company
- Torrent Pharmaceuticals
- Funding Amount
- 110 billion rupees ($1.22 billion)
- Bond Maturities
- 2, 3, 4, and 5 years
- Target Company
- JB Chemicals & Pharmaceuticals
- Equity Valuation
- 257 billion rupees (fully diluted)
- Anchor Investors
- Large mutual funds and pension funds
- Bidding Date
- Friday (unspecified date in January 2026)