Money Makers Mentor

J.B. Chemicals Controlling Stake Acquired By KKR

Kohlberg Kravis Roberts (KKR) today announced that it has entered into a definitive agreement to purchase a controlling stake in J.B. Chemicals & Pharmaceuticals Ltd (J.B. Chemicals). KKR will acquire its stake from the founder of J.B. Chemicals, the Mody family, at a purchase price of INR 745 per share.

J.B. Mody, Founder, Chairman and Managing Director of J.B. Chemicals, said:  “For more than four decades, J.B. Chemicals’ mission has been to deliver affordable, high-quality pharmaceutical products that improve the lives of individuals living in India and around the world. We are thrilled that KKR – with its deep knowledge of the pharmaceutical industry and experience in investing in the sector, as well as its extensive investments in India – will take our mission forward and…

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