Home » Business » Carlyle buys 20% stake in Piramal Pharma businesses
Carlyle buys 20% stake in Piramal Pharma businesses
June 27, 2020
(Reuters) – U.S.-based Carlyle Group Inc has agreed to buy a 20% stake in India’s Piramal Enterprises Ltd’s pharmaceutical businesses for about $490 million, the companies said in a statement on Saturday.
The capital increase aims to accelerate Piramal Pharma’s organic and inorganic growth plans, according to the statement.