
Billionaire Mehta Brothers’ Torrent To Buy Stake In India’s JB Pharma In $1.4 Billion Deal
A JB Chemicals factory in Gujarat in western India. Courtesy of JB Chemicals Torrent Pharmaceuticals—controlled by India billionaire brothers Sudhir and Samir Mehta—has agreed to buy U.S. private equity giant KKR’s stake in JB Chemicals and Pharmaceuticals in a deal valued at 119.1 billion rupees ($1.4 billion). Torrent Pharma will buy a 46.4% stake in…