BENGALURU (Reuters) – Suven Pharmaceuticals Ltd said on Monday private equity major Advent International will acquire a significant stake in the company from promoter Jasti Property And Equity Holdings Private Limited.
The Hyderabad-based pharmaceutical company did not specify a deal value or the stake Advent would acquire, but said the latter intends to explore merging Suven with its portfolio company Cohance Lifesciences.
(Reporting by Nandan Mandayam in Bengaluru; Editing by Krishna Chandra Eluri)
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