J B Chemicals & Pharmaceuticals

Price	Rs. 126
Face Value	2
No of Shares	8.45 cr
Market Cap	1065 cr
Promoter Holding	55.32 %
Institutional Holding	7.06 %

23-May-2011 Sold Russia/CIS OTC business to Cilag GmbH International, a wholly owned subsidiary of Johnson & Johnson for Rs.938.51 Crores.

Sale of worldwide rights and registrations of 3 OTC brands (Doktor Mom, Rinza and Filovir) for Rs.6.06 crore.

Cilag enters into a contract to purchase inventory from company's wholly owned subsidiary for $US47 million (Rs.211.5 cr @$US 45).

Financial Track Record
6 Year Average Debt to Equity Ratio = 0.33
6 Year Average Dividend Payout ratio = 26%

Cash Bargain

Sale Price	1156
- Taxes @ 22%	254
- Total Liabilities	256
Total Cash	649
No of Shares	8.45
Net Cash Per Share	76

*All figures in crores except per share data.