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Adar Poonawalla

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Advent may rope in new investor for Bharat Serums with neat valuation markup

Healthcare

24 July, 2023

Advent may rope in new investor for Bharat Serums with neat valuation markup

Mumbai-based biopharmaceutical company Bharat Serums, controlled by private equity major Advent International, is looking to onboard new investor(s) for a ......

Zydus Life picks up stake in Mylab for $13 mn

Healthcare

26 June, 2023

Zydus Life picks up stake in Mylab for $13 mn

Homegrown drug maker Zydus Lifesciences Limited has bought a stake in biotech company Mylab Discovery Solutions from Rising Sun Holdings, ......

Serum to double investment in PE-backed Biocon Biologics to $300 mn

Healthcare

25 April, 2023

Serum to double investment in PE-backed Biocon Biologics to $300 mn

A unit of Adar Poonawalla-led Serum Institute of India, the world's biggest vaccine maker, will double its investment to $300 ......

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Magma HDI set for stake sale after failed PE deal with ICICI Venture, Morgan Stanley

Finance

18 April, 2023

Magma HDI set for stake sale after failed PE deal with ICICI Venture, Morgan Stanley

Magma HDI General Insurance Co, which was a joint venture between Poonawalla FinCorp and German insurer HDI Global SE but ......

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Will focus on core NBFC biz, looking at AUM growth of 35-40%: Adar Poonawalla

Finance

16 December, 2022

Will focus on core NBFC biz, looking at AUM growth of 35-40%: Adar Poonawalla

A day after the Poonawalla Group sold its housing finance arm Poonawalla Housing to private equity giant TPG for Rs ......

Poonawalla Fincorp enters consumer lending space

Finance

19 April, 2022

Poonawalla Fincorp enters consumer lending space

Poonawalla Fincorp Limited (formerly Magma Fincorp Limited) on Tuesday said it has forayed into the digital consumption loans space through ......

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India Alternatives garners 5x returns on its first exit from second fund

Finance

06 April, 2022

India Alternatives garners 5x returns on its first exit from second fund

The family office of Adar Poonawalla, who is the CEO of the world's largest manufacturer of vaccines by volume, Serum ......

Adar Poonawalla picks up 20% stake in JetSynthesys' video sharing arm Wakau

TMT

21 December, 2021

Adar Poonawalla picks up 20% stake in JetSynthesys' video sharing arm Wakau

Serum Institute of India’s chief Adar Poonawalla has picked up a 20% stake in Wakau Interactive Pvt Ltd, a subsidiary ......

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Leapfrog exits Poonawalla Fincorp after seven years, clocks 11% return

Finance

18 August, 2021

Leapfrog exits Poonawalla Fincorp after seven years, clocks 11% return

Mauritius-based Leapfrog Investments has exited non-bank lender Poonawalla Fincorp (formerly known as Magma Fincorp), controlled by Serum Institute CEO Adar ......

Poonawalla group-backed Magma Fincorp gets new CFO

Finance

02 July, 2021

Poonawalla group-backed Magma Fincorp gets new CFO

Adar Poonawalla group firm-controlled Magma Fincorp Ltd has appointed former Aditya Birla Finance executive Sanjay Miranka as its group chief ......