Actis exits 63% stake in India's Paras for 10x return
Actis, the London-headquartered emerging markets investment firm, will sell its 63% stake in Paras Pharmaceuticals Limited to Benckiser Group, a UK-based company selling household, health and personal care products.
Investors owning the remaining shares of Paras include Sequoia Capital and Girish Patel, the founder of Paras and his family. All will reportedly also sell their shares to RB. The deal values the group...
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