Novartis to divest stake in Indian affiliate for $159 million
Swiss pharma giant Novartis (NOVN: VX) today revealed that it has entered into an agreement with the ChrysCapital group, one of the largest private equity firms investing in India, to transfer its 70.68% shareholding in Novartis India Limited (NIL).
The transaction values the stake at approximately 14.5 billion rupees ($159.4 million)
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