Support: +91-22-61011756 / help@projectstoday.com
Help
1. Boolean Searches :

i. AND - Shows results where both terms on either side of the 'AND' operator are present. 'AND' must be in upper case. For example search term - delhi AND metro result - It will return records in which 'delhi' as well as 'metro' both are present.

ii. OR - Shows results where either term (or both terms) is present. 'OR' must be in upper case. For example search term - delhi OR metro result - It will return records in which either 'delhi' or 'metro' or both are present

2. Proximity Searches

A proximity search looks for terms that are within a specific distance from one another. For example, search term - 'delhi metro'~10 result - It will search for records where 'delhi' and 'metro' are found within 10 words of each other

3. Phrase searches

You can search phrases using double quotes. for e.g. 'delhi metro' result - It will return records where 'delhi metro' phrase is found.

KKR & Co to acquire controlling stake in JB Chemicals and Pharmaceuticals

Friday, 03 Jul 2020
Share this on :
Global investment firm KKR & Co will pick up a controlling stake in Mumbai-based JB Chemicals and Pharmaceuticals.

As part of the deal, KKR & Co will acquire stake from JB Chemicals and Pharmaceuticals at Rs 745 per share.

After this transaction, an open offer will be launched to acquire 20.93 million fully paid-up equity shares of JB Chemicals and Pharmaceuticals, representing 26 percent. The open offer, too, is being made at a price of Rs 745 per share.

The deal size is estimated to be around USD 500 million (Rs 3,750 crore).

This is the second KKR investment in the past two months. In May 2020, it agreed to invest Rs 11,367 crore (USD 1.5 billion) in Reliance Industries’ digital assets subsidiary Jio Platforms to acquire 2.32 percent stake.

KKR & Co will fund this investment from Asian Fund III. The transaction is subject to regulatory and other customary approvals.

 
Post Your Comments
 
 
   
 

 

 
  
Sign up to start your free trial

Are you...



REGISTER AND GET STARTER KIT ABSOLUTELY FREE!

Free access to Project News and Analysis

Project and Tender Alert in your mailbox

Explore the largest Database on Projects for free

Be part of Online Projects Community

User login
Start Exploring

Subscribe to any of our premium plans to

Access to complete information on 43000+ projects

Use our Notification service for instant update on projects and tenders

Closely monitor your opportunities with "WORKSPACE"

Use our online platform for promotions of your products and services