SeQuent Scientific rises nearly 5% on Carlyle deal

Viyash Scientific

11/05/2020 05:03

** Shares of the animal healthcare company  SEQU.NS  rise as
much as 4.9% to 84.30 rupees
    ** SeQuent on late Friday said Carlyle Group  CG.O  will buy
a majority stake in the company for 86 rupees per share
 urn:newsml:reuters.com:*:nFWN2CQ1EH
    ** CA Harbor Investments, an affiliated entity of CAP V
Mauritius Ltd and Carlyle Group, proposes to acquire 74% stake
in SeQuent 
    ** An open offer document showed CA Harbor Investments
offering to buy up to 64.6 mln shares of SeQuent for 5.55
billion rupees ($73.48 million)  urn:newsml:reuters.com:*:nFWN2CQ0X5
    ** SEQU shares have gained 13.72% so far this year, as of
last close
    ** About 545,000 shares change hands in early trade, vs
30-day avg of about 476,000

    ($1 = 75.5310 Indian rupees)

 (Reporting by Nallur Sethuraman in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))