Advent Group News Today

After a dinner honoring Minnesota female business owners recently, I thought about the amazing stories I'd just heard and the powerful effect women have had on the economy — so much of it recent, during the span of my career that began in the 1980s. I heard something different when I later talked about the dinner with some of the successful businesswomen there. In separate conversations, each ...

Proposal has been evaluated by Sebi, RBI, CCI and other relevant agencies, after meeting of Cabinet Committee on Economic Affairs

The Indian government has approved a foreign direct investment (FDI) proposal worth Rs. 9,589 crore in Suven Pharmaceuticals Limited. Private equity firm Advent International will acquire a 50.1% stake in the company for Rs. 6,313 crore, with plans to launch an open offer for an additional 26%.

The government on Wednesday approved foreign direct investment of up to Rs 9,589 crore in Suven Pharmaceuticals Ltd. by Cyprus-base Berhyanda Ltd. The approval is for the acquisition of up to 76.1% of the equity shares of Suven Pharma by Berhyanda Ltd., based in Cyprus, according to a release by the Cabinet Committee on Economic Affairs on Wednesday. This would bring the total foreign investment to 90.1% in Suven Pharma.

PTT Global Chemical Plc (PTTGC), the petrochemical arm of national oil and gas conglomerate PTT Plc, has announced an investment in UK-based startup Interface Polymers, a developer of chemical additives to improve the recyclability and performance of key polymers.

Austwick

PTT Global Chemical Plc (PTTGC), the petrochemical arm of national oil and gas conglomerate PTT Plc, is maintaining its sales growth target of 7%, thanks to additional production capacity, including that from two newly acquired assets.

PTT Global Chemical (PTTGC), a petrochemical arm of national oil and gas conglomerate PTT Plc, has bought a 9.18% stake in France-based chemical maker Vencorex Holding as it continues to acquire more assets that emphasise value-added products.