Torrent Pharma is in advanced talks with KKR to acquire JB Chemicals and Pharmaceuticals, reviving discussions from last year. The deal involves Torrent acquiring KKR’s 47.84% stake and launching an open offer, potentially leading to a Rs 20,734.61 crore buyout. This acquisition would bolster Torrent’s branded generics portfolio and provide entry into the CDMO business.
Positive Breakout: 7 stocks cross above their 200 DMAs
In the Nifty200 pack, seven stocks’ closing prices crossed above their 200-day moving averages (DMA) on October 29, 2026, according to StockEdge’s technical scan data.