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Ashmore Alchemy invests $8.2M in pharma firm Zim Labs

By Madhav A Chanchani

  • 03 Jan 2013

The private equity fund managed by Ashmore Alchemy India Advisors has invested $8.2 million (Rs 45 crore) in pharmaceutical firm Zim Laboratories Ltd for a minority stake. Zim will use the funds to expand its manufacturing capacities.MDP & Partners advised Zim  while J. Sagar Associates advised Ashmore Alchemy on the transaction. ......

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