PE fund Advent International buys controlling stake in API manufacturer RA Chem Pharma

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MUMBAI: Private equity fund Advent International has agreed to buy a controlling stake in Hyderabad-based API manufacturer Ra Chem Pharma from its parent Bangalore-based Micro Labs in a deal valuing the company for about Rs 1300 crore, said multiple people aware of the development. The US private equity fund is understood to have pipped a … Read more