The amalgamation is expected to create a future-ready, diversified CDMO platform with a technology-led focus across three high-growth verticals-Antibody Drug Conjugates
The amalgamation is expected to bring in a lot of synergies in terms of operational efficiency and productivity for the combined entity
Proposed amalgamation now awaits NCLT approval; shareholders to receive 51 Torrent Pharma shares for every 100 JB Pharma shares held
The endorsement follows overwhelming support for the share swap preceding the merger,
On a proforma basis in Q3 FY26, revenues grew by 15% YoY to Rs. 2,366 Cr and operating EBITDA increased by 22% YoY to Rs. 503 Cr
The company has received final approval from the Department of Pharmaceuticals, Government of India, for foreign investment under applicable regulations
Dr Reddy’s said scheme of amalgamation was carried with adherence to all the legal requirements including tax laws
The Scheme is subject to approval of the secured creditors and shareholders of TML and GTBL
The share subscription agreements are being executed at a pre-money equity value of US$ 1.65 billion
Subscribe To Our Newsletter & Stay Updated