Torrent Pharma Shares Surge on Increased JB Chemicals Stake, Zero USFDA Observations
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Moneycontrol•27-01-2026, 09:29
Torrent Pharma Shares Surge on Increased JB Chemicals Stake, Zero USFDA Observations
- •Torrent Pharma's share price rose after increasing its stake in JB Chemicals & Pharmaceuticals and receiving zero USFDA observations.
- •The company acquired an additional 2.36% stake in JB Chemicals from employees, bringing its total holding to 48.75%.
- •This follows an earlier acquisition of a 46.39% promoter stake from Tau Investment Holdings Pte. and 1,317 shares via an open offer.
- •The USFDA concluded an inspection of Torrent Pharma's Dahej manufacturing facility with zero observations, indicating compliance.
- •Torrent Pharma's stock is currently trading 4.8% below its 52-week high and has seen a 20% increase over the past year.
Why It Matters: Torrent Pharma's stock gained due to increased stake in JB Chemicals and a clean USFDA inspection report.
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