Everstone pays $33m for Indian drug firm
The Everstone Group has bought a majority stake in Indian pharmaceutical developer Rubicon Research for INR2.2 billion ($32.9 million), providing an exit for Kotak Private Equity.
Everstone will acquire a 70% stake in Rubicon through a combination of a $20 million direct investment in the company and the purchase of stakes held by Kotak and another unnamed investor, according to...
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