India: MO Alts to take majority stake in API firm Megafine for up to $53m

India: MO Alts to take majority stake in API firm Megafine for up to $53m

Motilal Oswal’s private equity arm has agreed to invest up to Rs 460 crore ($53 million) for a majority stake in Megafine Pharma, an export-focused Active Pharmaceutical Ingredients (API) company, according to an announcement.

Edited by: Joymitra Rai

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