Torrent Pharmaceuticals Ltd lines up a mega $1.4 billion acquisition-funding bond sale to fund

$TORNTPHARM its acquisition of a controlling stake in JB Chemicals & Pharmaceuticals. Torrent also plans to raise ₹1,500 crore via commercial paper to support the acquisition. The company is in the final stages of completing its JB Chemicals buyout, with SEBI approval for the minimum tender offer already secured. The board approved raising up to ₹12,500 crore through secured non-convertible debentures (NCDs) on a private placement basis, providing the financial backing for this major pharmaceutical sector acquisition.