Torrent Pharmaceuticals Limited (BSE:500420) set to acquire Curatio Healthcare (I) Pvt Ltd. The deal will value Curatio at INR 21,000 million, said people aware of the development. The transaction will see the exit of existing investors of Curatio, such as ChrysCapital (which holds a 20% stake) and Sequoia Capital Operations LLC (33%). Promoters, including GK Ramani, and the management will also be exiting the company.

The deal is expected to be signed in the next two week, the people said. Torrent Pharma and KKR-controlled J. B. Chemicals & Pharmaceuticals Limited (BSE:506943) were the final contenders to acquire Chennai-based Curatio, ET first reported on April 11, 2022. Spokespeople for ChrysCapital, Sequoia and Ramani declined to comment, while an email sent to Torrent did not elicit any response till press time August 24, 2022.