Carlyle buys 20% stake in Piramal Pharma businesses

(Reuters) – U.S.-based Carlyle Group Inc has agreed to buy a 20% stake in India’s Piramal Enterprises Ltd’s pharmaceutical businesses for about $490 million, the companies said in a statement on Saturday.

The capital increase aims to accelerate Piramal Pharma’s organic and inorganic growth plans, according to the statement.

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