Baring India investee PharmaARC could seek fresh funds
PharmaARC Analytics Solutions, a healthcare BPO company invested by Baring Private Equity India, may be seeking further investment - a move that contradicts Baring, which has stated that it has neither plans to exit its 10% stake nor commitment to inject further capital.
Baring Private Equity India invested $10 million in 2006 for its 10% stake, and some local reports suggest that the firm is in fact looking to exit its stake. PharmaARC supplies sales and marketing analytics...
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