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Sai Life Sciences to raise Rs 5,000-Rs 5,500 crore through IPO

Sai Life Sciences is planning to raise Rs 5,000-Rs 5,500 crore through an initial public offer. Kotak Mahindra Capital, Jefferies, IIFL Capital, and Morgan Stanley are the advisors.

In 2018, TPG Capital invested Rs 900 crore in Sai Life Sciences. The company holds a 43.4 percent stake. In March 2023, there was news that TPG was looking to exit this investment. HBM Private Equity India holds six percent, while the balance is held by the founder promoter group.

Earlier, Bain Capital had shown an interest in acquiring a USD 800 million stake too.
MB Bureau

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