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PE firm Advent acquires 50 1% stake in Suven Pharma at Rs 495/share, to make open offer for additional 26% stake

Advent also announced the new Board of Directors and management team for Suven Pharma, including Sudhir Kumar Singh as CEO

Venkateswarlu jastiV prasada rajuSuven lifesciencesSuven pharmaSudhir kumar singhAbhijit mukherjeePankaj patwariShweta jalanJj asia pacificAnnaswamy vaidheeshPrasada rajuStefan stoffelAragen life sciencesPartner at advent internationalAdvent international corporationOrganization of pharmaceutical producers india

Suven Pharma soars 6% as cabinet committee greenlights Rs 9,589 crore FDI deal

The approval is for the acquisition of up to 76.1 percent stake in Suven Pharmaceuticals by Cyprus-based Berhyanda Ltd.

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Suven Pharmaceuticals | Government approves FDI of up to Rs 9,589 crore in Suven Pharmaceuticals by Cyprus-based Berhyanda Ltd

Proposal has been evaluated by Sebi, RBI, CCI and other relevant agencies, after meeting of Cabinet Committee on Economic Affairs

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Cabinet nod to Rs 9,589-cr FDI in Suven Pharma

Cabinet nod to Rs 9,589-cr FDI in Suven Pharma
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Suven: Cabinet okays FDI of up to Rs 9,589 crore for 76 1% stake in Hyderabad-based Suven Pharma

India Business News: The Cabinet Committee on Economic Affairs (CCEA) has approved a foreign direct investment (FDI) of up to Rs 9,589 crore by Cyprus-based Berhyanda Ltd

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