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

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