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PPP, EIDL helped small businesses weather winter, see optimism in 2021 bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
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Explore Now Mumbai: Outbidding global buyout funds, home grown private equity fund True North is all set to acquire a minority stake in Bengaluru-based contract research and manufacturing services firm Anthem Biosciences, multiple people aware of the development said. True North will acquire about 8-10 per cent stake in Anthem Biosciences for Rs 740 crore ($75-100 million), at a valuation of $1 billion (Rs 7,400 crore). Others who were in the race include US funds Warburg Pincus, General Atlantic and Singapore-based Temasek Holdings. The deal is expected to be signed by next week, sources added. Set up by ex-Biocon executive Ajay Bharadwaj, Rs 1,200-crore Anthem Biosciences competes with Biocon-owned ....