022 24172311
Sections
Search
Subscribe
DealCurry
Equity
Venture Capital
Private Equity
M&A

Mergers & Acquisitions | 28 April 2011

Biocon To Sell Its 78% Stake In AxiCorp For $58 Mn

by Deeshesh Chheda
Biocon To Sell Its 78% Stake In AxiCorp For $58 Mn
Share on Social Media Email Facebook Twitter Linkedin
 
@deeshesh

Biocon Ltd will be selling its entire 78% stake in it's German unit, AxiCorp GmbH, to minority shareholders, for 40 million euros ($58.2 Mn).

AxiCorp was the licensee for Biocon's insulin and Glargine products in Germany and had the sole responsibility for commercialising these products.

Transactio Reference: Business Standard


{TAG_10522_1303984599}

Religare To Raise Rs 800 Cr Via Rights Issue

Religare To Raise Rs 800 Cr Via Rights Issue

Religare Enterprises Limited will raise Rs.800 Cr through rights issue, with an option to increase the issue size by additional 10%.

Read More...

SAIF Partners Part Exits Just Dial

SAIF Partners Part Exits Just Dial

SAIF Partners, one of the early backers of BSE listed local search directory, Just Dial has sold close to 2.4% stake in the company for a total of INR254 Cr. The part exit fetches the fund, a 30x returns on its seven year old investment.

Read More...