India Value Fund picks 10% stake in Biocon research unit
India Vaue Fund Advisors (IVFA) has bought a 10% stake in Syngene International, the research unit of Indian bio-pharmaceuticals firm Biocon, for INR3.8 billion ($62 million).
IVFA will acquire the shares from Biocon Research Limited (BRL), a wholly-owned subsidiary of Biocon, via its investment vehicle Silver Leaf Oak. Once the transaction is complete Biocon and BRL will jointly...
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