Avendus Capital makes first bet from third PE fund, buys La Renon stake

Avendus Capital makes first bet from third PE fund, buys La Renon stake

Photo: Livemint

KKR-backed Avendus Capital has made its first bet from its third private equity fund, acquiring a minority stake in Indian pharmaceutical company La Renon Healthcare from two existing investors for $18.3 million.

Edited by: Padma Priya

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter