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Api: Piramal, Bain fund buys...

MUMBAI: Ind-Swift Labs said it will...

Api: Piramal, Bain fund buys API, contract biz of Ind-Swift

MUMBAI: Ind-Swift Labs said it will sell its active pharmaceutical ingredient (API) and contract research & manufacturing services (CRAMS) business to India Resurgence Fund - an investment platform promoted by Piramal Enterprises and Bain Capital - for Rs 1,650 crore. The acquisition will be routed through IndiaRF's portfolio company Synthimed Labs. The Ind-Swift scrip touched a 52-week high, closing 2% higher at Rs 22.5 on the BSE, after the company's board approved the slump sale of its business on Wednesday. The equity value of the transaction is worth...

Karl Jörg - September 6, 2023

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Api: Piramal, Bain...

MUMBAI: Ind-Swift Labs said it will sell its active pharmaceutical ingredient (API) and contract research & manufacturing services (CRAMS) business to India Resurgence...

Karl Jörg - September 6, 2023

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