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Avendus fund, SBI Life pump ₹150 cr each into Aragen
Mint Hyderabad
|August 13, 2025
Other investors are Goldman Sachs and Quadria Capital, which invested $100 mn earlier at a $1.4 bn valuation
Avendus Group's private equity fund, the Avendus Future Leaders Fund, and SBI Life Insurance have invested ₹150 crore each in Aragen Life Sciences for a minority stake. Avendus made the investment from its third Future Leaders Fund (FLF III).
The stake purchase is a secondary deal, with both investors picking up over 2.5% each in Aragen from Reddy Investment Trust that is linked to the GVK Group. The Trust cut its stake in Aragen, formerly GVK Biosciences, and rebranded in December 2020.
This story is from the August 13, 2025 edition of Mint Hyderabad.
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