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US-based Advent seeking investors for Suven-Cohance merger

Advent announced its acquisition of Suven Pharma in December. Including the cost of the open offer, the deal size would go up to Rs 9,589 crore. The deal was given a green light by the union cabinet on September 14. A Suven Pharma-Cohance combination could bring together the strong client base of the former, which is a drug development partner to large global pharmaceutical companies.

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