PAG-led consortium buys India drug maker
PAG Asia Capital has made its second substantial investment in India in the past two months, leading a consortium that has agreed to acquire a controlling stake in Anjan Drug, a Chennai-based manufacturer of active pharmaceutical ingredients (API).
The size of the transaction was not disclosed. According to The Business Standard, the consortium will pay $70-80 million for an approximately 70% stake. Local private equity firms CX Partners and Samara...
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