Advent International to acquire significant stake in India's Suven Pharma

Cohance Lifesciences

26/12/2022 02:51

BENGALURU, Dec 26 (Reuters) - Suven Pharmaceuticals Ltd
 SUVH.NS  said on Monday private equity major Advent
International will acquire a significant stake in the company
from promoter Jasti Property And Equity Holdings Private
Limited.
    The Hyderabad-based pharmaceutical company did not specify a
deal value or the stake Advent would acquire, but said the
latter intends to explore merging Suven with its portfolio
company Cohance Lifesciences.
 (Reporting by Nandan Mandayam in Bengaluru; Editing by Krishna
Chandra Eluri)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))