Fast Summary
- Nifty Pharma Index Growth: Teh Nifty Pharma index rose 0.68% on Monday, June 30, 2025, fueled by a rally in pharmaceutical stocks.
- Natco Pharma Ltd: Share price surged over 4%, marking the highest gain in the index. It has a market capitalization of Rs 15,841.37 crore and its performance reviews contributed to the upward movement.
- Torrent Pharmaceuticals Acquisition: Torrent Pharmaceuticals agreed to acquire a controlling stake (up to 72%) in J.B. Chemicals & Pharmaceuticals Ltd for Rs 11,917 crore through multiple steps:
– Share Purchase Agreement for a 46.39% stake at Rs 1,600 per share.
– mandatory public offer for up to an additional 26% at Rs 1,639.18 per share.
– Partial acquisition of shares from employees at transaction prices.
– Torrent will remain the merged entity post-acquisition completion.
- Other notable stock performers include gains by Laurus Labs (+3.52%), Ajanta Pharma (+2.48%), Glenmark Pharmaceuticals (+3%), Divi’s Laboratories (+2.53%), and Gland Pharma (+2.45%).
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