Shardul Amarchand Mangaldas & Co. advises Tau Investment & J. B. Chemicals in securing Conditional CCI Nod for the Torrent–JB Chemicals Deal Approval covers the proposed stake purchase and subsequent amalgamation of JB Chemicals with Torrent

October 22, 2025

Shardul Amarchand Mangaldas & Co. successfully represented Tau Investment Holdings Pte. Ltd and J. B. Chemicals and Pharmaceuticals Limited (J.B. Chemicals) in securing conditional approval from the Competition Commission of India (CCI) for Torrent Pharmaceuticals Limited’s (Torrent) proposed acquisition of shareholding in J. B. Chemicals and the subsequent amalgamation of J.B. Chemicals with Torrent. With a valuation of INR ~19,000 crores, this is set to be the second largest transaction in the Indian pharmaceutical sector.

Our Competition Law Team comprised of Partners, Yaman Verma and Aman Singh Sethi, Senior Associate, Apurv Jain and Associate, Aryan Uppal.

The Transaction Team is led by Partners, Raghubir Menon and Anirban Bhattacharya with support from Principal Associates, Swati Sharma and Jeel Panchal.