PAG to pick minority stake in RK Pharma
Mint Mumbai|June 06, 2023
Asian investment firm PAG plans to acquire a significant minority stake in specialty injectables company RK Pharma Inc. and its subsidiaries, according to people familiar with the deal.
Ranjani Raghavan
PAG to pick minority stake in RK Pharma

Besides secondary shares sales, transaction includes primary funding that will aid the company to expand business.

The total deal size is around $200 million, one of the people cited above said.

PAG has the option of increasing its stake at a later stage, one of the people cited above said, on condition of anonymity. An early investor Signet Healthcare Partners is exiting with this deal.

RK Pharma makes injectables, sterile ophthalmic and dermal products, and has operations in India and the US, according to its website. The company was founded in 2018 by Ravishanker Kovi.

It has 2 subsidiaries Apicore India and Aktinos Pharma.

هذه القصة مأخوذة من طبعة June 06, 2023 من Mint Mumbai.

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هذه القصة مأخوذة من طبعة June 06, 2023 من Mint Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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