Baring may invest $15 million in Shilpa Medicare
Baring Private Equity Partners India is considering a reported INR70 crore ($15 million) investment in pharmaceuticals manufacturer Shilpa Medicare, weeks after news surfaced that Tano Capital had sold its stake in the company to earn 4.5x return on its initial $2 million investment.
Local reports note the investment would come from Baring's India Private Equity Fund III, through the purchase of two million shares in the company that would award it an 8-9% stake. Shilpa Medicare's...
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