After buyout by KKR, JB Chemicals snaps up local firm’s pharma business

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JB Chemicals & Pharmaceuticals Ltd, in which global private equity giant KKR is set to acquire a controlling stake, has agreed to purchase the finished pharmaceutical formulations business of a domestic company. The Mumbai-based company will acquire the business from Lekar Pharma Ltd for Rs 8.5 crore ($1.13 million). Lekar Pharma ......