Advent set to buy controlling stake in Bharat Serum

Kotak PE and OrbiMed together that hold 23% stake in Mumbai-based biopharma company Bharat Serums and Vaccines (BSV) are exiting through this sale. The rest of the stake is with the Daftary family who are relinquishing control but will stay on as a minority partner, said people in the know. Advent will become the largest shareholder in the company.

from Healthcare/Biotech-Industry-Economic Times https://ift.tt/2Xq4xiL
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