Mumbai, May 25 -- The company has signed a definitive agreement to acquire 100% equity stake in MBJ through a wholly owned special purpose vehicle to be incorporated in Japan. The transaction is expected to close in Q2 FY27, subject to regulatory approvals and customary closing conditions.

MBJ is engaged in fermentation-based research, development and manufacturing of pharmaceuticals, specialty chemicals and CDMO services. The Japanese company has capabilities across oncology APIs, plasmid DNA manufacturing, ADC conjugation and biologics.

MBJ reported estimated revenue of JPY 9.5 billion, or around Rs 570 crore, for FY26. Around 40% of its revenue comes from overseas markets outside Japan.

Gujarat Themis said the acquisition marks a st...