India: Carlyle to acquire stake in vaccine maker Bharat Biotech

India: Carlyle to acquire stake in vaccine maker Bharat Biotech

Photo: Mint

US-based private equity firm Carlyle Group is set to acquire a minority stake in Hyderabad-based vaccine manufacturer Bharat Biotech International Ltd, according to two people familiar with the development. The investment, which will be made through Carlyle Asia Growth Partners, is around Rs250-300 crore, said one of the two, asking not to be identified. The size of the stake being acquired isn’t known.

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