PE firm TPG Capital, which had invested about $135 million ( ₹900 crore) in 2018, currently owns 43.4% stake in the company. Both TPG and its current promoter Krishna Kanumuri may sell stakes as part of the transaction.
The first round of bids came in November, and the three funds are in further discussions. "KKR, Advent, and Bain are carrying out due diligence, and are likely to submit final binding bids next month," the first person cited above said.
Spokespersons for Sai Life Sciences, Bain Capital and KKR did not respond to emailed queries on Thursday. Those for TPG and Advent International declined to comment.
Diese Geschichte stammt aus der December 08, 2023-Ausgabe von Mint Mumbai.
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Diese Geschichte stammt aus der December 08, 2023-Ausgabe von Mint Mumbai.
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