1/7/2024, 1:02:02 pm

Platinum Acquires Inventia Health

US-based Platinum Equity Advisors has signed India's first private equity agreement, acquiring a 75% stake in Mumbai-based pharmaceutical company Inventia Healthcare for ₹2,500 Crore ($300 million). Current PE investors InvAscent Capital and Jacob Ballas have exited, while promoter Janak Shah and family retain a minority stake. Barclays advised Platinum, and Rothschild and Stifel Financial Corp.