Goldman invests $150m in India biosimilars business
Goldman Sachs has invested INR11.2 billion ($150 million) in Biocon Biologics, the biosimilars business of Indian pharmaceuticals manufacturer Biocon, at a post-money valuation of $3.94 billion.
The investment takes the form of optionally convertible debentures. It follows a commitment of INR2.25 billion from Tata Capital Growth Fund in August and INR5.36 billion from True North in January. The...
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