India: Healthcare focussed PE fund Quadria to pick 20% in Concord Biotech

India: Healthcare focussed PE fund Quadria to pick 20% in Concord Biotech

A file photo of Rakesh Jhunjhunwala, who holds about 30% in Concord, is said to remain the single largest shareholder even after the transaction. Photo: Mint

Quadria Capital, a healthcare-focussed private equity (PE) fund, is set to invest Rs.500 crore for a 20% stake in drug maker Concord Biotech Ltd, after valuing the company at nearly Rs.2,500 crore, said three people familiar with the development.

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