Lenders of Piramal PE-backed bulk drugs maker take massive haircut in acquisition deal

By Beena Parmar

  • 25 Jan 2021
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Credit: Pixabay

Lenders of a bankrupt bulk drugs and chemicals maker backed by a Piramal Group promoted private equity fund are staring at a massive haircut following a go-ahead from the insolvency tribunal for the latter’s acquisition.   Chandigarh based Vardhman Chemtech Ltd is set to be acquired by Mumbai-based DPB Antibiotics Private ......

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