There are reports that PE firms Blackstone and Baring Asia, among others, are in talks with Cipla for buying stakes in the company. If the deal goes through, analysts say it will present a greater expanse for growth for one of India s leading drug makers
The firm is looking to deepen its presence in India across financial services, tech, consumer and healthcare and will also explore new areas in the energy transition and decarbonisation space
The Singapore-based investment giant recently sealed the biggest- ever private equity deal in the Indian healthcare sector by pumping in more than $2 billion in Manipal Hospitals. It is also invested in the listed firm Global Health.