Home >Companies >News >India Value Fund Advisors to pick up 10% stake in Biocon unit
Biocon group was advised by Allegro Advisors on the transaction.
Biocon group was advised by Allegro Advisors on the transaction.

India Value Fund Advisors to pick up 10% stake in Biocon unit

The private equity firm is buying the 10% stake from Biocon Research

Mumbai: India Value Fund Advisors Pvt. Ltd has agreed to acquire a 10% stake in Syngene International Ltd, the contract research unit of Biocon Ltd, for 380 crore.

The private equity firm is buying the 10% stake from Biocon Research Ltd (BRL), the companies said in a joint statement.

After the completion of this transaction, Biocon and BRL will jointly hold 85.54% stake in Syngene.

Biocon group was advised by Allegro Advisors on the transaction.

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