Description

Torrent Pharmaceuticals Limited announces web-based tender offer to acquire up to 4.17 crore equity shares of J.B. Chemicals & Pharmaceuticals Limited at Rs. 1639.18 per share during November 18 to December 1, 2025.

Summary

Torrent Pharmaceuticals Limited has approached NSE to use the web-based bidding platform for a takeover offer of J.B. Chemicals & Pharmaceuticals Limited under the Tender Offer Scheme. The offer will be conducted through NSE’s tender offer facility from November 18, 2025 to December 1, 2025, allowing shareholders to tender up to 4,17,45,264 equity shares at a fixed price of Rs. 1639.18 per share.

Key Points

  • Acquirer: Torrent Pharmaceuticals Limited
  • Target Company: J.B. Chemicals & Pharmaceuticals Limited (Symbol: JBCHEPHARM)
  • Offer Size: Up to 4,17,45,264 equity shares
  • Offer Price: Rs. 1639.18 per share (fixed price)
  • Face Value: Re. 1 per share
  • Lot Size: 1 equity share
  • ISIN: INE572A01036
  • Series: TO (Takeover)
  • Issue Type: Fixed price takeover offer
  • Merchant Banker: NovaaOne Capital Private Limited
  • Registrar: KFin Technologies Limited
  • Live URL: https://eipo.nseindia.com

Regulatory Changes

The offer is conducted in accordance with Tender Offer Scheme Exchange circular NSE/CMTR/52776 dated June 29, 2022. Order modification (quantity) and cancellation shall not be permitted for takeover offers.

Compliance Requirements

For Trading Members:

  • All Capital Market segment trading members are eligible to participate
  • Members already using web-based IPO bidding platform can use existing user IDs
  • Members without access must log into admin terminal to create branches and users
  • Admin login format: Adminxxxxx (where xxxxx is Member Code)

Bidding Categories:

  1. Foreign Institutional Investors (FII)
  2. Mutual Funds (MF)
  3. Insurance Company (IC)
  4. Banks & Financial Institutions (FI)
  5. Other QIBs (OTH)
  6. Bodies Corporate (CO)
  7. Individuals (IND)
  8. Other - Non Institutional Investors (NOH)

Important Dates

  • Issue Period: November 18, 2025 to December 1, 2025
  • Bidding Time: 9:15 AM to 3:30 PM (daily)
  • Custodial Confirmation Time: 9:15 AM to 3:30 PM (daily)
  • Custodial Confirmation on Issue Closure Day: 9:15 AM to 4:00 PM

Impact Assessment

Market Impact: High - This is a significant takeover offer by Torrent Pharmaceuticals for J.B. Chemicals & Pharmaceuticals, involving potential acquisition of over 4.17 crore shares valued at approximately Rs. 6,842 crores at the offer price.

Shareholder Impact: Shareholders of J.B. Chemicals get an exit opportunity at Rs. 1639.18 per share through the tender offer route during the 14-day bidding window.

Operational Impact: Trading members must ensure their systems and user access are configured for the tender offer platform. The tender offer mechanism restricts order modifications and cancellations, requiring careful bid submission.

Support Contact: Members can reach NSE at toll-free 1800-266-0050 (Option 1) or email msm@nse.co.in for assistance.

Impact Justification

Major takeover offer involving acquisition of up to 4.17 crore shares worth over Rs. 6,800 crores at fixed price of Rs. 1639.18, significant corporate action for J.B. Chemicals shareholders.