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Advent International to Acquire Controlling Stake in Avra Laboratories From Dr A V Rama Rao & Family

New Delhi– Advent International (“Advent”), one of the largest and most experienced global private equity investors, today announced that it has signed a definitive agreement with Dr A V Rama Rao, a distinguished scientist, Padma Bhushan and Padma Sh

India: PE firm Advent International to buy controlling stake in Avra Labs

Advent buys controlling stake in deal valuing Avra Labs at USD 100 mln

Global private equity fund Advent International on Monday said it will be acquiring a controlling stake in pharma sector-focused Avra Laboratories, in a deal which values the company promoted by A V Rama Rao at USD 100 million.The 26-year-old Avra is headquartered in Hyderabad and engaged in contract manufacturing and research services and speciality active pharmaceutical ingredients.

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