Value Lens: Piramal Pharma stake comes at some discount but may almost lose that tag
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Value Lens: Piramal Pharma stake comes at some discount but may almost lose that tag

By Ankit Agarwal

  • 09 Jul 2020
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Value Lens: Piramal Pharma stake comes at some discount but may almost lose that tag
Credit: Pexels

Private equity firm Carlyle has agreed to buy a fifth of Piramal Enterprises Ltd’s pharmaceutical business at some discount but if the drug maker achieves performance milestones even that discount almost evaporates. The discount mentioned above probably springs from the fact that the target firm is private and a sale of shares ......

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