IFCI Venture Capital to partially exit Marck Biosciences
IFCI Venture Capital is selling a nearly 10% stake in Indian pharma firm Marck Biosciences, according to local reports, coming as the investee looks to build an INR55 crore ($12.4 million) manufacturing plant.
IFCI currently holds a 13.77% stake in the injectable-liquids developer, which is expected to decrease to 4.32% following its substantial divestment. The stake was bought for INR17.5 crore ($3.95 million)...
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