TPG, KKR in race to buy 20% stake in Indian conglomerate Piramal's pharma biz

TPG, KKR in race to buy 20% stake in Indian conglomerate Piramal's pharma biz

Medical drugs in a pharmacy. Credit: Flickr/epSos .de

American private equity giants TPG Capital and KKR & Co. Inc. have emerged as the front runners to invest 3,500-4,000 crore for acquiring a 20% stake in Piramal Group’s proposed pharmaceutical entity that would combine the group’s pharma businesses.