India: Carlyle emerges as frontrunner to pick 20% in Piramal’s pharma biz

India: Carlyle emerges as frontrunner to pick 20% in Piramal’s pharma biz

Piramal Group chairman Ajay Piramal. Photo: Aniruddha Chowdhury/Mint

Global private equity major The Carlyle Group has emerged as the frontrunner to buy a significant stake in Ajay Piramal-owned Piramal Group’s pharma businesses for close to ₹3,500 crore.