The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Torrent Pharmaceuticals Ltd
JBCHEPHARM · price
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Torrent Pharmaceuticals Ltd, the promoter of JB Chemicals & Pharmaceuticals, has bought 37,82,566 equity shares (2.36% of share capital) from certain employees of JB Chemicals on 23rd January 2026. This was an off-market transaction done under a Share Purchase Agreement originally signed on 3rd July 2025. With this purchase, Torrent's holding in JB Chemicals has risen from 46.43% (7.44 crore shares) to 48.78% (7.83 crore shares), bringing the promoter closer to the 50% ownership mark. No encumbrance (pledge/lien) was created on these shares. JB Chemicals' total equity base stands at 16.04 crore shares of face value ₹1 each.
This is a promoter-level consolidation, not a market-driven change, so the share price is unlikely to move much on this news alone. However, Torrent now sits less than 1.3 percentage points away from owning 50% of JB Chemicals, which gives it near-complete control and could limit the scope of any future open offer or takeover action.