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India: Carlyle acquires 20% stake in Piramal Pharma businesses

India: Carlyle acquires 20% stake in Piramal Pharma businesses

A file photo of Ajay Piramal. Piramal Capital currently manages assets in excess of Rs.22,000 crore, with specifically tailored investment strategies for real estate, infrastructure and other special situations. Photo: S. Kumar/Mint

Anirudh Laskar

28 June, 2020

Global private equity major The Carlyle Group will acquire 20% stake in Ajay Piramal-owned Piramal Group’s pharmaceutical business for ₹3,700 crore.

CarlylePiramal Pharma Solutions

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