ICICI, PE-backed Arch Pharmalabs gets $14.3 million from Mitsui
Japanese trading firm Mitsui has taken a 5% stake in PE-backed Indian pharmaceutical producer Arch Pharmalabs for some INR65 crore ($14.3 million), coming ahead of Arch’s planned IPO early next year.
ICICI Ventures, IL&FS and Swisstec Ventures, the VC arm of the Swiss government, had owned 58% in Arch before the transaction. ICICI has acted as a key stakeholder with approximately 35% of the company,...
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