KKR divests 5.8 percent stake in JB Chemicals & Pharma for Rs 1460 crore
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New Delhi: KKR, the U.S.-based private equity giant, has divested a 5.8 per cent stake in JB Chemicals & Pharmaceuticals for Rs 1,460 crore through open market transactions.
The investment firm offloaded shares in four separate transactions on the National Stock Exchange (NSE).
According to the bulk deal data, Tau Investment Holdings sold a little over 89.83 lakh shares, amounting to a 5.78 per cent stake in Mumbai-based JB Chemicals & Pharmaceuticals.
Medical Dialogues team had earlier reported that KKR & Co. had explored a partial divestment of its controlling stake in JB Chemicals & Pharmaceuticals Ltd. (JB Pharma) through a block trade in the market.
In 2020, KKR bought a 65 per cent stake in JB Chemicals & Pharmaceuticals. Established in 1976, JB Pharma produces a range of pharmaceuticals in areas such as gastroenterology, dermatology and diabetes, etc.
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