India: Kotak buys $122m stake in IPO-bound Tirupati as Affirma Capital exits

India: Kotak buys $122m stake in IPO-bound Tirupati as Affirma Capital exits

Kotak Alternate Asset Managers Limited (KAAML) has bought Affirma Capital’s stake in nutraceuticals contract manufacturer Tirupati Medicare for Rs 1,050 crore ($122.6 million), giving the Singapore-based private equity firm a full exit, according to an announcement on Wednesday.

Edited by: Joymitra Rai

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