Intentar ORO - Gratis
Biological E may raise $250 mn from PE firms
Mint Mumbai
|July 31, 2023
Indian vaccine producer Biological E is in discussions with global private equity (PE) investors General Atlantic, and TA Associates, among others, to raise up to $250 million by selling a minority stake in the company, two people familiar with the matter said.
Biological E, which has a partnership with Johnson & Johnson (J&J) to manufacture one billion doses of covid vaccines, including a single-dose vaccine developed by J&J, is now valued at $1 billion, they said. “Global PE funds such as General Atlantic and TA Associates are in talks to pick up a minority stake," one of the persons said seeking anonymity.
The second person said the company has appointed investment bank Goldman Sachs to find an investor. “A part of fresh capital will go towards retiring some debt," the person added.
Earlier, The Economic Times reported that Biological E was seeking to raise funding from PE firms to finance its plans to hive off its vaccine business.
Esta historia es de la edición July 31, 2023 de Mint Mumbai.
Suscríbete a Magzter GOLD para acceder a miles de historias premium seleccionadas y a más de 9000 revistas y periódicos.
¿Ya eres suscriptor? Iniciar sesión
MÁS HISTORIAS DE Mint Mumbai
Mint Mumbai
Kuku FM looks to raise up to $80 mn
Audio streaming platform Kuku FM has signed a term sheet to raise about $70-80 million in new funding, with South Korean-based video game publisher Krafton leading the round alongside existing investors, three people familiar with the matters said.
1 min
October 04, 2025
Mint Mumbai
Draft gaming rules trigger pushback from stakeholders
India’s beleaguered online real-money gaming industry stakeholders have questioned what they call ambiguities in the draft rules of the law that ban any game involving financial winnings.
1 mins
October 04, 2025
Mint Mumbai
Delhi, TN, Maha lead e-bus sales surge in H1
Govt incentives, charging infrastructure also fuel e-bus demand in Odisha
2 mins
October 04, 2025
Mint Mumbai
‘25% tests positive for H3N2’
Is flu rampant at your home and neighbourhood? You are not alone. India is witnessing a surge in influenza cases this year with data from hospitals across the country showing that one in four people sampled have tested positive for the virus.
1 min
October 04, 2025
Mint Mumbai
ALL YOU KNEAD
AS PEOPLE MAKE HEALTHIER CHOICES, DAILY BREAD IS NO LONGER JUST WHITE AND SLICED BUT ARTISANAL, SMALL-BATCH AND MADE-TO-ORDER. IN RESTAURANTS, TOO, IT HAS RISEN FROM FILLER TO MAIN ACT
1 min
October 04, 2025
Mint Mumbai
Zubeen Garg: Assam's first true rock star
The singer-songwriter has thousands of hits in different languages but it was his irreverence that gave him god-like status in a community starved of icons
7 mins
October 04, 2025
Mint Mumbai
A case for loafing about
Taylor Swift apparently spends 60% of her time talking about bread (\"it's a loaf story,\" to quote her)—as I learnt from a reel I came across while trying to avoid getting down to the real work of the day (or should I say loafing about)—and it made me wonder when we became so obsessed about what came out of a packet and was eaten when we were sick.
1 mins
October 04, 2025
Mint Mumbai
A Viagra-popping inspector meets his nemesis
Saharu Nusaiba Kannanari’s new novel is a sharp indictment of caste and gender politics in Kerala's society
4 mins
October 04, 2025
Mint Mumbai
Margin trades soar amid weak returns
Trump. Overthe past year, the benchmark index has declined 1.4%.
1 mins
October 04, 2025
Mint Mumbai
L’Oréal board in India next week
The board of French cosmetics giant L’Oréal, the world’s largest beauty group, will visit India next week to explore opportunities in one of the fastest-growing beauty markets. The first such visit comes amid recent management changes at the Indian arm of the Maybelline lipstick maker.
1 min
October 04, 2025
Translate
Change font size