Baring PE India sheds bulk of its holding in Indoco Remedies

Private equity firm Baring Private Equity Partners India (Baring PE India) has part-exited Indoco Remedies Ltd, a mid-sized maker of formulations and active pharmaceutical ingredients (APIs), generating a neat return on its two-and-a-half-year-old investment.The PE firm, that picked up four per cent equity stake in Indoco Remedies in early 2013 ......