True North might acquire 8-10% stake in Anthem for Rs 740 crore
Tue, Jan 12, 2021 10:19 AM

True North might acquire 8-10% stake in Anthem for Rs 740 crore

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Private equity player True North might acquire a minority stake in Bengaluru-based contract research and manufacturing services firm Anthem Biosciences. True North will acquire about 8-10% stake in Anthem Biosciences for Rs 740 crore, at a valuation of Rs 7,400 cr. Ajay Bharadwaj founded Rs 1,200-crore Anthem Biosciences competes with Syngene International & GVK Bio.

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