Bulk-drug firm ZCL in talks with local, global PE firms as Morgan Stanley eyes exit

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Credit: ZCL Chemicals Ltd

Bulk-drugs maker ZCL Chemicals Ltd has initiated talks for a fundraise with at least four private equity investors to facilitate an exit for its existing backer Morgan Stanley Private Equity Asia, two people familiar with the development told VCCircle. The proposed transaction is expected at a valuation of up to Rs ......

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