Mitsubishi-backed Indian chemicals firm taking control of Hyderabad drugmaker

By Joseph Rai

  • 17 Sep 2020
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Credit: Thinkstock

An Indian chemicals maker partly owned by Japan’s Mitsubishi Corp has struck a deal to acquire a controlling stake in pharmaceuticals firm Escientia Lifesciences, a person familiar with the development told VCCircle. Deccan Fine Chemicals (India) Pvt. Ltd will buy a stake of more than 51% in Escientia, the person said, ......

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