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Suven Prescribed drugs Ltd stated on Monday private equity main Advent International will purchase a major stake within the firm from promoter Jasti Property And Fairness Holdings Personal Restricted.
The Hyderabad-based pharmaceutical firm didn’t specify a deal worth or the stake Introduction would purchase, however stated the latter intends to discover merging Suven with its portfolio firm Cohance Lifesciences.
(Reporting by Nandan Mandayam in Bengaluru; Modifying by Krishna Chandra Eluri)
(Solely the headline and film of this report might have been reworked by the Enterprise Commonplace employees; the remainder of the content material is auto-generated from a syndicated feed.)
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