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Post-listing, the promoters intend to retain at least 51% ownership in the company.

The acquisition is expected to benefit from IL JIN’s wide manufacturing footprint, technical depth, and experience in electronics production.

The resolution was passed during an extraordinary general meeting (EGM) held recently.

Roughly 1.37 crore shares changed hands in the block window, representing about 6.06% of the company’s total outstanding equity.

The payout reflects 150% on the face value of ₹10, and will be issued to shareholders whose names appear on the company’s register as of July 8, 2025

The acquisition values JB Chemicals at ₹25,689 crore on a fully diluted basis, according to the company’s official announcement.

The inspection by the USFDA had taken place between April 16 and 24. After the visit, the company disclosed one observation under Form 483.

For the bank, it’s a chance to offer more services under one roof and deepen relationships with existing customers.

Alembic Pharmaceuticals shares have gained 10% in the last year, dipped 2.8% in the year-to-date, and gained 2.3% in the previous month.

The company plans to develop a residential plotted township on the site and expects to generate revenue of over ₹1,250 crore through plot sales.