Tag: suven pharma

HYDERABAD: The Cabinet Committee on Economic Affairs (CCEA) has given its seal of approval to a foreign direct investment (FDI) of up to Rs 9,589 crore in Hyderabad-based Suven Pharmaceuticals Ltd by Cyprus-based Berhyanda Ltd for a 76.1% stake.The Cyprus-based entity is controlled by Advent Funds, which are managed by US-based private equity player Advent International Corporation.The CCEA, which is chaired by Prime Minister Narendra Modi, gave its nod on Wednesday after the proposal was evaluated and cleared by various departments and regulatory bodies such as Securities &...