The transaction, which is one of the largest private equity deals in the Indian pharmaceutical industry, values the pharma business at an enterprise value of $2.8 billion and will have an upside compo
The transaction values the pharma business at an enterprise value (EV) of $2.77 billion, with an upside component of up to $360 million depending on the company’s FY21 performance.
The capital raise will accelerate Piramal Pharma's organic and inorganic growth plans, the Ajay Piramal-led Piramal Enterprises and Carlyle Group said in the joint statement.
The 20% stake sale values Piramals pharma business at Rs 20,000 crore.
The estimated equity capital investment for Carlyle's 20 per cent stake in Piramal Pharma would amount to around USD 490 million.
Piramal Pharma will use the capital raised through the dealto accelerate its organic and inorganic growth plans.
U.S.-based Carlyle Group Inc has agreed to buy a 20% stake in the pharmaceutical unit of Indian conglomerate Piramal Enterprises Ltd for about $490 million, the companies said in a statement on Saturd
The company said that this fresh growth investment into its Pharma Business will be used as growth capital for the pharma businesses.
The estimated equity capital investment for Carlyle's 20 per cent stake in Piramal Pharma would amount to around $490 million.
The transaction values the pharma business at an enterprise value of $2.78 billion, with an upside component of up to $360 million depending on the company’s FY21 performance
U.S.-based Carlyle Group Inc has agreed to buy a 20% stake in the pharmaceutical unit of Indian conglomerate Piramal Enterprises Ltd for about $490 million, the companies said in a statement on Saturd
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