TA backs India drug ingredients manufacturer
TA Associates has invested INR1.72 billion ($25.5 million) in listed Indian drug ingredients manufacturer Shilpa Medicare.
The private equity firm acquired 3.02 million shares for INR570 apiece, according to a filing, which equates to a 3.7% stake. Shilpa had two existing PE investors as of June 2016: Baring Private Equity...
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