Tata Capital Healthcare Fund invests in Marck Biosciences; IFCI part-exits
A private equity fund, managed by Tata Capital and focused on healthcare & life sciences, has acquired a minority stake in Ahmedabad-based Marck Biosciences Ltd. The minority stake was picked up by Tata Capital Healthcare Fund I through a mix of primary and secondary share purchases, sources familiar with the development told VCCircle. However, the investment amount could not be immediately ascertained.
The deal also marks a partial exit for IFCI Venture Capital, which has invested a little over $6 million in Marck since 2008, sources said.
Tata Capital Healthcare Fund I bought some shares held by IFCI Venture Capital’s...
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