J B Chemicals & Pharmaceuticals, a pharmaceutical company that manufactures and markets a diverse range of pharmaceuticals is up by over 40% in the last one week. J B Chemicals & Pharmaceuticals Ltd, incorporated in 1976, has a market cap of ₹8,729 crore. The stock has rallied by 106% in the last six months and by 187% in the last one year. After this transaction, an open offer was launched to acquire 20.93 million fully paid-up equity shares of JB Chemicals, representing 26%. The stock of JB Chemicals and Pharmaceutical has gained 51% ever since the acquisition was announced.

Source: Mint September 19, 2020 03:45 UTC