Announced Wed, 8 Jul · 10:19 IST
JB Chemicals amalgamation effective; Torrent Pharma MoA capital clause amended
TORNTPHARM · price
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Price reaction · full curve 14 horizons · vs prior close
+0.8%1-day move
₹4852.60
prior close
₹4902.30
base price
In-mkt
timing
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AI summary
The Scheme of Amalgamation of J.B. Chemicals with Torrent Pharmaceuticals became effective on 8 July 2026, following NCLT Ahmedabad approval on 6 July 2026 with appointed date 21 January 2026. JB Chemicals now stands amalgamated into Torrent Pharma and dissolved without winding up. Torrent Pharma's MoA capital clause amended to total capital of rupees 255.30 crore, comprising 46.06 crore equity shares of rupees 5 each and 25 lakh preference shares of rupees 100 each.
Likely market impact
JB Chemicals shareholders become Torrent Pharma shareholders per swap ratio; combined entity is now larger with expanded share capital base.