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  • KKR divests 5.8...

KKR divests 5.8 percent stake in JB Chemicals & Pharma for Rs 1460 crore

Ruchika SharmaWritten by Ruchika Sharma Published On 2025-03-31T16:44:04+05:30  |  Updated On 31 March 2025 4:44 PM IST
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.

The shares were disposed of in the price range of Rs 1,625-1,625.34 apiece, taking the combined deal value to Rs 1,459.84 crore, PTI reported.

After the sale, Tau Investment Holdings' stake in JB Chemicals & Pharmaceuticals has come down to 47.88 per cent from 53.66 per cent.

KKR-affiliate Tau Investment Holdings Pte is the promoter of JB Chemicals & Pharmaceuticals.

Meanwhile, Kotak Mahindra Mutual Fund purchased more than 12.30 lakh shares or 0.8 per cent in JB Chemicals & Pharma at an average price of Rs 1,625 per piece. The total deal value was Rs 200 crore.
Details of the other buyers of JB Chemicals & Pharmaceuticals shares could not be ascertained on the exchange.
On Thursday, shares of JB Chemicals & Pharmaceuticals plunged 6.15 per cent to close at Rs 1,603.65 apiece on the NSE.
Read also: Torrent Pharma is said to seek raising USD 3 billion for KKR stake in JB Chemicals: Report
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.
Read also: KKR is said to consider selling USD 750 million stake in JB Pharma: Bloomberg
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.
Read also: Cipla, Alkem vie for Rs 4,000 crore stake in India's largest stent manufacturer: Report
KKRJB Chemicals and PharmaJB Pharmatau investment holdingskotak mahindra mutual fund
Source : with inputs
Ruchika Sharma
Ruchika Sharma

    Ruchika Sharma joined Medical Dialogue as an Correspondent for the Business Section in 2019. She covers all the updates in the Pharmaceutical field, Policy, Insurance, Business Healthcare, Medical News, Health News, Pharma News, Healthcare and Investment. She has completed her B.Com from Delhi University and then pursued postgraduation in M.Com. She can be contacted at editorial@medicaldialogues.in Contact no. 011-43720751

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