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Private Equity | 31 October 2012

GE Capital Acquires Stake In Biocon's Research Arm - Syngene International

by Paritosh Gajjar
GE Capital Acquires Stake In Biocon's Research Arm - Syngene International
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Kiran Mazumdar Shaw led @Biocon_Limited1 is set to receive R125 Cr from GE Equity International Mauritius, a subsidiary of GE Capital Corp. for its research arm, @Syngene_International Limited.

In return GE Capital would be getting 7.69% equity share in Syngene, a BSE disclosure stated.

Biocon was advised by Allegro Corporate Finance Advisors and Mundkur Law Partners.

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