Wednesday, April 25, 2012

Reuters: Private Equity: India's Intas Pharma says to raise 3 bln rupees from ChrysCapital

Reuters: Private Equity
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India's Intas Pharma says to raise 3 bln rupees from ChrysCapital
Apr 25th 2012, 06:35

MUMBAI, April 25 | Wed Apr 25, 2012 2:35am EDT

MUMBAI, April 25 (Reuters) - Indian drugmaker Intas Pharmaceuticals said on Wednesday that it is raising three billion rupees ($57 million) from private equity firm ChrysCapital ahead of its public offer.

The Ahmedabad-based company has approval from the market regulator to raise about 8 billion rupees through an initial public offer. ($1 = 52.77 Indian rupees) (Reporting by Sanjeev Choudhary)

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