CCI approves Torrent Pharmaceuticals' acquisition of J.B. Chemicals with voluntary modifications
On 21 October 2025, the Competition Commission of India approved Torrent Pharmaceuticals' acquisition of J.B. Chemicals & Pharmaceuticals, subject to voluntary modifications offered by the parties.
Summary
On 21 October 2025, the Competition Commission of India (CCI) approved the proposed acquisition of J.B. Chemicals & Pharmaceuticals Limited by Torrent Pharmaceuticals Limited, subject to voluntary modifications offered by the parties. The deal covers Torrent's acquisition of shares in J.B. Chemicals followed by the amalgamation of J.B. Chemicals into Torrent. Torrent, the flagship company of the Torrent group, makes pharmaceutical formulations; J.B. Chemicals makes formulations and active pharmaceutical ingredients and provides contract development and manufacturing (CDMO) services.
Key facts
- Regulator
- Competition Commission of India
- Acquirer
- Torrent Pharmaceuticals Ltd
- Target
- J.B. Chemicals & Pharmaceuticals Ltd
- Structure
- Share acquisition, then amalgamation into Torrent
- Condition
- Voluntary modifications by parties
Practice MCQs 1 questions
In October 2025, the CCI approved the acquisition of J.B. Chemicals & Pharmaceuticals by which company, subject to voluntary modifications?
Show answer
Correct answer: C — Torrent Pharmaceuticals
PIB: the CCI approved the proposed acquisition of J.B. Chemicals & Pharmaceuticals Limited by Torrent Pharmaceuticals Limited with voluntary modifications.