Warburg Pincus in talks to buy Maneesh Pharmaceuticals
American multinational private equity firm, Warburg Pincus, is in advanced talks to acquire the formulations business of Mumbai-based Maneesh Pharmaceuticals. As per The Economic Times, the deal is valued at around Rs 1,600–1,800 crores.
Warburg Pincus has signed an exclusivity agreement with the company’s promoters and is currently engaged in final negotiations. This comes as the firm aims to build a larger pharmaceutical platform in India.
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