Stock Market: Keep an eye on these stocks tomorrow, open offer has been announced

News Topical, Digital Desk : In Friday's trading, action can be seen in the stock of pharma sector company JB Chemicals and Pharma. In fact, after the market closed, the company has informed about the open offer of Torrent Power. Torrent Power has given an open offer for the acquisition of more than 4 crore shares. In Thursday's session, the stock of JB Chemicals closed with a decline of about half a percent, while the stock of Torrent Pharma closed with a decline of about 0.4 percent.

What information has been given

According to the information sent to the market by JB Chemicals, Torrent Pharma will buy 26 percent stake in JB Chemicals through an open offer. Under this, an offer will be made for 41745264 shares and the offer price for this has been kept at Rs 1639.18 per share. The company will buy this entire stake for Rs 6,843 crore. What is the opinion of brokerage reports Share Khan has issued its advice on Torrent Pharma this week and has advised investment with a target of 4024 for the stock. The stock has closed today with a decline at the level of 3592. The report says that the acquisition of JB Chemicals by Torrent Pharma will open many growth opportunities. Many opportunities can be found especially in therapeutic and CDMO. JB Chemicals is a leader in many segments and many of its brands remain strong in the Indian pharma market. Torrent is hoping to expand its CDMO business. The acquisition will help the company further strengthen its position in tier 2 and tier 3 markets. 

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