Torrent Pharma lines up mega $1.4B bond sale for JB Chemicals acquisition; market rank to rise
Business
M
Moneycontrol•08-01-2026, 10:33
Torrent Pharma lines up mega $1.4B bond sale for JB Chemicals acquisition; market rank to rise
- •Torrent Pharmaceuticals plans to raise Rs 12,500 crore ($1.4 billion) through short-duration bond sales in January.
- •The funds are intended to finance the acquisition of a controlling stake in JB Chemicals & Pharmaceuticals, valued at Rs 25,700 crore.
- •The bond issue, rated AA+ by India Ratings and Research, will span maturities of one to five years.
- •The acquisition is projected to elevate Torrent Pharma's domestic market ranking from seventh to fifth.
- •This marks one of the largest rated fund-raising deals this financial year, following similar large acquisitions by JSW Group and Jubilant Bhartia Group.
Why It Matters: Torrent Pharma's $1.4B bond sale for JB Chemicals acquisition signals major market consolidation.
✦
More like this
Loading more articles...
