Oaktree Cap invests $20m Indian pharma packager
Oaktree Capital Management has bought a 60% stake in Cogent Glass for around INR1.2 billion ($20.6 million). As part of the deal, Cogent has signed an agreement with Oaktree portfolio company SGD for technology sharing as well as marketing and management support.
Cogent manufactures Type I pharmaceutical glass primary packaging from a base close to the Indian pharma hub in Hyderabad. From a production perspective, the site is also close to quartz sources required...
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