Indian women's health specialist makes $1.6 billion acquisition
India’s Mankind Pharma (BSE: 543904) has entered into a definitive agreement to acquire a 100% stake in Bharat Serums and Vaccines (BSV) from Advent International.
Valuing the company at $1.64 billion, the acquisition positions Mankind as a significant player in the Indian women's health and fertility drug market.
BSV’s revenue for the last fiscal year was reported at $208 million, showing a 20% year-on-year growth with adjusted EBITDA margins of 28%.
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