Equity News
Avesthagen to raise $60 mn in complex deal from Cayman-based fund
Avesthagen, the Bangalore-based life-sciences company which is facing financial stress, is understood to be closing a complex fund raise of $60 million from Cayman-based investment company Equity Partners Fund (EPF). Avesthagen is banking on its biosimilars portfolio for this funding.
Under the proposed funding, Avesthagen is expected to form a new company, most probably in Switzerland, the shares
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