India: KKR leads race to acquire majority stake in JB Chemicals for up to $400m

India: KKR leads race to acquire majority stake in JB Chemicals for up to $400m

REUTERS/Brendan McDermid

US private equity giant KKR & Co. Inc. has emerged as the front-runner to buy a 51% stake in JB Chemicals and Pharmaceuticals Ltd, which manufactures popular over-the-counter drugs rantac and metrogyl. Two persons confirmed that the companies are in discussion.