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Mankind Pharma to buy out Bharat Serum from Advent for ₹13,630 crore
The Morning Standard
|July 26, 2024
GURUGRAM-based Mankind Pharma, which is a leading player in the domestic OTC drug segment, has entered into a definitive agreement to acquire 100% stake that global investor Advent International holds in Bharat Serums and Vaccines (BSV) for an enterprise value of 13,630 crore, the companies said in a joint statement late Thursday evening.
This strategic deal marks a major leap for Mankind, which went public with a ₹4,326 crore IPO in April 2023, positioning it as a market leader in the domestic women's health and fertility drug market alongside access to other high entry barrier products in critical care with established complex R&D tech platforms.
Mankind has beaten the Swedish private equity firm EQT and a consortium led by the Abu Dhabi Investment Authority to buy BSV. Earlier Mankind had bid for Apax Partners-backed Healthium Medtech, a medical device maker, but KKR won the auction process in the end.
Bu hikaye The Morning Standard dergisinin July 26, 2024 baskısından alınmıştır.
Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.
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