Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
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.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Hyderabad
Mint Hyderabad
Capital gains tax relief: how reinvesting in a house works
You can buy land, build a house to claim full exemption on total costs, including construction
4 mins
October 30, 2025
Mint Hyderabad
BlueStone IPO gets demi-fine jewellery a place in spotlight
A new sparkle BlueStone's blockbuster IPO has boosted investor interest in fashion jewellery startups.
2 mins
October 30, 2025
Mint Hyderabad
Carney tackles Trump tariff feud by mending ties with Asia
US President Donald Trump's latest tariff salvo against Canada landed just as Mark Carney was setting out on a mission to insulate his country from the fallout of the trade war.
1 min
October 30, 2025
Mint Hyderabad
RBI looks to speed up repatriation of gold held abroad
RBI's move will enhance control on India's bullion assets.
1 mins
October 30, 2025
Mint Hyderabad
‘Next Startup Fund of Funds to boost deep-tech firms’
Commerce and industry minister Piyush Goyal on Wednesday said the government will dedicate the next edition of the Startup Fund of Funds almost entirely to deep-tech ventures, underscoring India’s ambition to shift from being the world’s back office to a global innovation engine.
1 mins
October 30, 2025
Mint Hyderabad
Eli Lilly partners with Nvidia to build AI supercomputer for drug discovery
Drugmaker Eli Lilly has teamed up with artificial-intelligence chip designer Nvidia to build what the companies say will be the most powerful supercomputer run by a pharmaceutical company to boost the discovery of new medicines.
2 mins
October 30, 2025
Mint Hyderabad
Satya Nadella to visit India in Dec
Microsoft chief executive Satya Nadella is set to travel to India in December, his second visit to the South Asian country this year where he plans to hold meetings with top government officials, two people with direct knowledge said.
1 min
October 30, 2025
Mint Hyderabad
Shree Cement sticks to its strategy despite slow HI
As large cement makers chase market share, there are concerns over Shree Cement Ltd’s strategy to prioritise a premium pricing over volume.
1 mins
October 30, 2025
Mint Hyderabad
L&T orders hint at pvt capex revival
Domestic orders jump 50%, cross ₹20,000 cr after 5 quarters
1 min
October 30, 2025
Mint Hyderabad
CPP targets more growth in India as its portfolio triples
Canada’s CPP Investments expects its India portfolio to grow further after tripling in size over the previous 5 years, top executives at the investment firm said on Wednesday during a media discussion.
1 mins
October 30, 2025
Listen
Translate
Change font size