{"id":2921,"date":"2020-06-28T10:17:50","date_gmt":"2020-06-28T10:17:50","guid":{"rendered":"https:\/\/bengalnewstimes.com\/?p=2921"},"modified":"2020-06-28T10:17:50","modified_gmt":"2020-06-28T10:17:50","slug":"carlyle-buys-20-stake-in-piramal-pharma-businesses-business-news","status":"publish","type":"post","link":"https:\/\/bengalnewstimes.com\/?p=2921","title":{"rendered":"Carlyle buys 20% stake in Piramal Pharma businesses &#8211; business news"},"content":{"rendered":"<p><\/p>\n<div>\n<p>US-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 Saturday.  <\/p>\n<p>Piramal Pharma will use the capital injection to accelerate its organic and inorganic growth plans, the statement said.<\/p>\n<p>The investment comes a month after the private equity firm bought a majority stake in Indian animal healthcare company SeQuent Scientific Ltd.<\/p>\n<p>\u201cIndia is a hugely strategic part of Carlyle\u2019s Asia business, and a market where we continue to see many attractive investment opportunities,\u201d Greg Zeluck, Co-Head of Carlyle Asia Partners advisory team said. <\/p>\n<p>Earlier this month, India\u2019s Economic Times reported that Carlyle had emerged as the frontrunner to grab a minority stake in the pharma unit of business mogul Ajay Piramal, with U.S. private equity firms TA Associates and KKR &amp; Co Inc &lt;KKR.N&gt; also submitting offers for the 20% stake.  <\/p>\n<p>The transaction is expected to close in 2020. <\/p>\n<p><!--   section:business-news mainSection:business-news-->\n\t\t\t\t\t<\/div>\n<p><a href=\\\"https:\/\/www.hindustantimes.com\/business-news\/carlyle-buys-20-stake-in-piramal-pharma-businesses\/story-HypNQM2fTgVE055BTOzGXL.html\\\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>US-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 Saturday. Piramal Pharma will use the capital injection to accelerate its organic and inorganic growth plans, the statement [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2922,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[36],"tags":[],"class_list":["post-2921","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking-business"],"jetpack_featured_media_url":"https:\/\/bengalnewstimes.com\/wp-content\/uploads\/2020\/06\/research-employee-mumbai-inside-piramal-laboratory-centre_b1f72bea-b8fa-11ea-bb4b-1e210f9e7edf.jpg","_links":{"self":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts\/2921","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2921"}],"version-history":[{"count":0,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts\/2921\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/media\/2922"}],"wp:attachment":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2921"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2921"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2921"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}