PE fund Somerset invests in Gujarat-based bulk drug firm in first pharma bet

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Credit: VCCircle

Somerset Indus Capital Partners has picked up a minority stake in Gujarat-based Globela Pharma Pvt Ltd, marking the healthcare-focused private equity firm's first bet in the pharmaceutical space in India. The private equity firm has invested over $10 million (Rs 74.4 crore) in Globela from its second fund, Somerset partner Mayur ......

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