Announced Mon, 6 Jul · 18:49 IST
NCLT sanctions merger scheme with Torrent Pharmaceuticals
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JBCHEPHARM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+2.2%1-day move
₹2390.00
prior close
₹2394.80
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.4+0.6+0.7+0.8+2.2+2.4+1.7+2.8+4.0+1.1————
Up moveDown movePending
AI summary
NCLT Ahmedabad has sanctioned the Scheme of Amalgamation of JB Chemicals & Pharmaceuticals with Torrent Pharmaceuticals under Sections 230 to 232 of the Companies Act, 2013. The scheme will become effective once the certified copy of the order is filed with the Registrar of Companies. The company will inform stock exchanges of the effective date in due course.
Likely market impact
Key regulatory milestone in the merger process; JB Chemicals shareholders will receive Torrent Pharma shares per the approved swap ratio.