India: PAG-led consortium to acquire majority stake in Anjan Drug

India: PAG-led consortium to acquire majority stake in Anjan Drug

Photographer: Krisztian Bocsi/Bloomberg

Asia-focused private equity firm PAG, along with consortium partners CX Partners and Samara Capital, has reached an agreement to acquire a controlling stake in Chennai-based drug manufacturer Anjan Drug Pvt. Ltd, it announced on Monday.