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of <h1>CCI Approves Tau Investment's Acquisition of 64.90% Stake in J B Chemicals Pharmaceuticals. Detailed Order to Follow.</h1> The Competition Commission of India has approved Tau Investment's proposal to acquire up to 64.90% of the share capital in J B Chemicals Pharmaceuticals Limited. Tau Investment, a Singapore-based company, is an indirect wholly owned subsidiary of KKR Asian Fund III L.P. and an affiliate of entities managed by Kohlberg Kravis Roberts Co. L.P. J B Chemicals is an Indian pharmaceutical company based in Mumbai and is listed on the BSE and NSE. A detailed order from the CCI is expected to follow.
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