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Bain weighs block deal to sell ₹1,700 cr Emcure stake
Mint Mumbai
|March 31, 2025
Global private equity firm Bain Capital is looking to divest its stake in listed pharmaceutical manufacturer Emcure Pharmaceuticals Ltd through a substantial block deal, according to two people with knowledge of the development.
The move comes after the lock-in period for selling the shares in the Pune-based company got over in February this year. As per Indian market regulations, a lock-in period for certain categories such as anchor investors and pre-listing investors is mandatory, during which period they are prohibited from selling their shares.
"Bain Capital is likely to sell stake worth over $200 million (₹1,700 crore) in the company. It has appointed investment bank Kotak Mahindra Capital Co. to help it with the deal," one of the people cited above said, requesting anonymity.
Dit verhaal komt uit de March 31, 2025-editie van Mint Mumbai.
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