Kuwait's sovereign fund bets on ChrysCap-backed drugmaker

By Joseph Rai

  • 29 Sep 2020
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Credit: Pixabay

Kuwait Investment Authority has purchased stock in a pharmaceuticals company where homeomegrown private equity firm ChrysCapital had returned to invest after helping it go public. The Gulf nation’s sovereign wealth fund has bought 1.45 million shares for Rs 78.5 crore ($10.6 million) in Eris Lifesciences Ltd, stock exchange data showed. The ......

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