India Digest: ChrysCapital-IPCA Labs, Greenko, Zoomcar in M&A news

Photo: Reuters

Homegrown private equity company ChrysCapital has divested its entire stake in Mumbai-based drug maker IPCA Labs. In other developments, Greenko is set to acquire a stake in Teesta Urja Ltd, while Zoomcar is in advanced discussions to buy rival company Revv.

ChrysCapital exits IPCA Labs

Homegrown private equity company ChrysCapital has divested its entire stake in Mumbai-based drug maker IPCA Labs to 10 mutual funds for about $77.8 million (Rs 560 crore), The Times of India reported.

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