It is now final that KKR will acquire a controlling 54% stake in JB Chemicals for Rs.3750 crore. KKR, is a well known name in India, and is one of the largest institutional PE investors. Recently, KKR had been in the news for investing $1.50 billion in Jio Platforms of the Reliance Group for picking up a 2.32% stake in the digital property.

The JB Chemicals stake will be acquired from Mody family at a price of Rs.745 per share. Once the Mody stake is taken over, as per SEBI regulations, KKR will make an open offer to the public shareholders of JB Chemicals to buy an additional 26% stake in the company at the same price of Rs.745 per share. JB Chemicals reported Rs.1600 crore revenues in FY19.