Marck Biosciences gets $8.3m from Tata healthcare fund
Tata Capital Healthcare Fund has invested INR450 million ($8.3 million) for a 13% stake in Ahmedabad-based drug maker Marck Biosciences. Previous plans for an IPO have now been shelved.
As part of the deal, Tata Capital will acquire IFCI Venture's 6% interest, bringing its total holding to around 19%. As one of India's leading sterile liquid dosage companies, Marck Biosciences manufactures...
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