India: Multiples PE-led consortium picks 9.3% stake in BDR Pharma for $88m

Photo: Reuters

Drugmaker BDR Pharmaceuticals has raised about $88 million (Rs 685 crore) from a consortium of investors led by private equity investor Multiples Private Equity, per an announcement Tuesday.

The investors have together bought a 9.3% stake in the Delhi-based pharma company for the aforesaid investment, Multiples PE said in a statement.

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