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JB Chemicals completes acquisition of brands and related assets from Sanzyme

2 Feb 2022 , 09:38 AM

Acquisition Concept

JB Chemicals & Pharmaceuticals Ltd (JBCPL) has successfully completed transactions for the acquisition of a portfolio of brands from Sanzyme Private Limited (SPL).

The company’s board at its meeting held on January 25, 2022, had given approval for the acquisition of a portfolio of brands, for use and commercialization within India, from Sanzyme Private Limited (SPL).

JBCPL is one of the fastest-growing pharmaceutical companies in India and Sanzyme is a leading player in the probiotics and reproductive health segment in the country. The transaction was valued at Rs628cr.

At around 9.42 AM, JB Chemicals & Pharmaceuticals Ltd was trading at Rs1,773.15 per piece down by Rs10.4 or 0.58% from its previous closing of Rs1,783.55 per piece on the BSE.

Related Tags

  • acquisition
  • assets
  • commercialization
  • JB Chemicals & Pharmaceuticals Ltd.
  • JB Chemicals & Pharmaceuticals news
  • JB Chemicals & Pharmaceuticals share price
  • JB Chemicals & Pharmaceuticals stock price
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