Torrent Pharmaceuticals (TORNTPHARM) — Board Meeting

Torrent Pharmaceuticals announced board approval to acquire up to 44,99,782 shares of J.B. Chemicals & Pharmaceuticals, representing 2.80% of its equity, from employees at INR 1,600 per share. A separate agreement covers up to 38,75,056 shares (2.41% stake) for approximately INR 620.09 crores, contingent on shareholder and regulatory approvals. The transaction excludes promoter interests and is not classified as a related-party deal.

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About Torrent Pharmaceuticals Limited (TORNTPHARM)

Healthcare · Pharmaceuticals & Biotechnology · Listed on NSE

Market Cap: ₹1,49,108.91 Cr P/E: 80.1

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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