Mount Kellett considers Indian pharma investment
US private equity group Mount Kellett Capital Management is reportedly making an INR410 crore ($90 million) investment in MedPlus Health Services, one of India's top pharmaceutical retailers, based in Hyderabad. Mount Kellett aims to make its capital injection alongside Ajay Piramal’s healthcare group fund for an up-to 35% stake, according to local media.
Established in 2006, MedPlus claims nearly 800 pharmacies throughout India, serving more than 100,000 customers daily, according to its website. Despite having a group of investment suitors looking to...
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