Creador exits Indian pharma player to ChrysCapital
Creador has completed a third exit – with a 3.7x multiple and a 32% IRR – from its third South and Southeast Asia-focused fund, selling a minority position in Indian pharmaceutical company Corona Remedies to ChrysCapital.
ChrysCapital paid INR6.7 billion ($90 million) for a 30% stake, of which 20% came from Creador and 10% from the promoter group, The Economic Times reported ahead of the official announcement. VCCircle...
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