Thursday, December 3, 2020
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PAG-led group set to acquire Anjan Drug

PAG, an Asia-focussed personal fairness agency, together with its consortium companions CX Partners and Samara Capital, is all set to acquire a controlling stake in Anjan Drug Pvt. Ltd, a Chennai-based producer of energetic pharmaceutical elements (API).

However, the phrases of the deal weren’t disclosed.

The acquisition is a part of the PAG-led consortium’s technique to create a platform for the event and manufacturing of bulk drug elements, PAG stated in an announcement.

“We see the Indian API market as a very attractive opportunity and well-positioned for the future,” stated Nikhil Srivastava, managing director and head, India personal fairness, PAG.

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