Avendus Fund, SBI Life lead funding in Aragen
Avendus Group
, and
SBI Life Insurance
invested ₹300 crore in
Aragen Life Sciences
, India's leading contract research, development, and manufacturing organisation (CRDMO). Both invested ₹150 crore each in Aragen.
The transaction, Avendus said, involved acquiring about 2.5% stake in
Aragen
at a valuation of about ₹12,200 crore ($1.4 billion). In this secondary deal, the promoters -the Reddy family-diluted stake.
Finance
Value and Valuation Masterclass - Batch 4
By CA Himanshu Jain
View Program
Artificial Intelligence
AI For Business Professionals Batch 2
By Ansh Mehra
View Program
Finance
Value and Valuation Masterclass - Batch 3
By CA Himanshu Jain
View Program
Artificial Intelligence
AI For Business Professionals
By Vaibhav Sisinity
View Program
Finance
Value and Valuation Masterclass - Batch 2
By CA Himanshu Jain
View Program
Finance
Value and Valuation Masterclass Batch-1
By CA Himanshu Jain
View Program
This marks FLF III's second investment, the first in La Renon Healthcare earlier this year.
Aragen promoters-Gunupati Aparna Reddy and former Ranbaxy CEO Davinder Singh Brar-held 33.7% stakes each while Goldman Sachs held about 31.3% stake in Aragen. Recently, Quadria Capital acquired a minority stake in Aragen for $100 million.
Established in 2001, Aragen offers contract R&D and manufacturing services that span Discovery through Manufacturing (concept to commercialisation) and is focused on novel molecules. Aragen is one of the few companies in India that support small molecules (chemical entities) as well as biologics through the entire value chain, said the statement.
"India's
pharmaceuticals sector
enjoys a distinct advantage with its vast pool of highly skilled technical talent, positioning the country as an attractive global hub for outsourcing both manufacturing and
drug-development research
," Ritesh Chandra, managing partner, Avendus Future Leaders, told ET.
According to him,
geopolitical uncertainties
could have some impact on the manufacturing side. "In research and contract services, however, the effect is likely to be limited. The main alternative is China, but many companies are looking to diversify away from it. India's capacity positions us well to capture this opportunity," he noted.
Globally, the
CRDMO market
is valued at around $112 billion. India accounts for $8-9 billion (8-10%) of this, while China holds about 14%.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
News18
6 hours ago
- News18
Telangana CM Revanth Reddy promises boost for local investors, economic growth
Hyderabad, Aug 15 (PTI) Telangana Chief Minister A Revanth Reddy on Friday said his government would actively encourage local investors and work to ensure profitable returns for them. Speaking at the inauguration of a property show organised by the Confederation of Real Estate Developers' Associations of India (CREDAI) here, Reddy reiterated his commitment to implementing transparent policies, promoting investments, and supporting investors. He, however, cautioned that real estate businessmen 'should not fall under the influence of political rivals," whom he accused of 'creating doubts about the government." 'I chose to attend this event to dispel such misconceptions," he added. Reddy highlighted the state's efforts to attract international investments, saying, 'We are visiting countries like the United States, Singapore, Japan, South Korea, Dubai, and also Davos (WEF) for investments and roadshows. If we are inviting investments from abroad, why would we not prioritise those of you working for the development of our country, state, and city? You come first." Describing himself as having a 'middle-class mentality', he claimed he does not intend to 'accumulate ill-gotten wealth or transfer it abroad." In a veiled critique of the previous BRS government, he questioned why the Hyderabad Metro project was not extended to the international airport and other areas. He claimed he secured the restructuring of Rs 26,000 crore at 7.5 per cent interest over 35 years with Prime Minister Modi's support, and is now pursuing the restructuring of Rs 2 lakh crore on similar terms. The chief minister added that former students of Hyderabad Public School, including World Bank Chairman Ajay Banga, Microsoft's Satya Nadella, Adobe's Shantanu Narayen, and investor Prem Watsa, are donating around Rs 300 crore for a new building at the school. Reddy also pledged to develop the proposed Future City on Hyderabad's outskirts into 'a great city and a role model for the world for 1,000 years." PTI SJR SSK view comments First Published: August 15, 2025, 16:45 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
The Hindu
7 hours ago
- The Hindu
Telangana CM Revanth Reddy cautions real estate developers against falling for ‘politically motivated rumours'
Telangana Chief Minister A Revanth Reddy cautioned the real estate developers and construction companies not to fall for politically motivated rumours on real estate scenario or else they would lose out. 'If you give weight to politically motivated rumours, you are the ones who will lose. I am here to clear any such doubts among you. For us, you are the priority when it comes to investment,' he said, inaugurating the CREDAI Hyderabad Property Show in Hyderabad on Friday (August 15, 2025). Mr. Reddy assured investors and developers that his government was committed to moving forward with clear and transparent policies to drive the state's growth, overcoming rumours and doubts spread by political opponents. 'Both policy and the construction sector serve as 'growth engines' for Telangana's development.' The Chief Minister asserted that even if leadership changes, Telangana always avoided policy paralysis, which allows the State to compete globally. 'Investment protection and profitability were key responsibilities of the government,' he said. Mr. Reddy warned against supporting misinformation campaigns when his government acts against illegal encroachments. 'Plans for Telangana will be made by us, but it is your responsibility to promote them. Real estate thrives on a positive sentiment, and we must work together to protect that,' he urged the developers. Mr. Reddy described himself as 'a Chief Minister with middle-class thinking' and said he would never misuse public office for personal gain. 'I will not plunder and take wealth abroad. My focus is entirely on the welfare of society. While I may not agree with every request, I will support any development that benefits people in a transparent manner,' he said. Referring to infrastructure needs, he lamented that Hyderabad's Metro Rail had not been expanded for ten years after being introduced through the efforts of the late Jaipal Reddy. The Congress government has again given an impetus to the Metro extension in various routes. Highlighting other initiatives, the Chief Minister said proposals were sent for a dry port on the Hyderabad-Amaravati Greenfield Highway, 11 new radial roads connecting the Outer Ring Road to the Regional Ring Road, and more airports for Telangana. The State is also being planned in three zones - core urban, semi-urban, and rural, for balanced development. He also recalled the contributions of Chief Ministers of erstwhile Andhra Pradesh late Y.S. Rajasekhara Reddy and N. Chandrababu Naidu, crediting them with creating the Outer Ring Road and HITEC City respectively.
Time of India
2 days ago
- Time of India
Happy Independence Day 2025: Wishes, messages, quotes, and images to celebrate India's 79 years of freedom
Independence Day, observed annually on August 15, stands as one of the most pivotal moments in India's history—marking the end of nearly two centuries of British colonial dominance and the birth of a free, sovereign nation in 1947. The day carries deep historical and emotional significance, honoring the sacrifices, struggles, and unwavering determination of countless freedom fighters who dedicated their lives to securing India's independence. Icons like Mahatma Gandhi, Jawaharlal Nehru, Sardar Vallabhbhai Patel, Subhas Chandra Bose, and many others led powerful movements based on non-violent resistance, civil disobedience, and unshakable national unity. Finance Value and Valuation Masterclass - Batch 4 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program Finance Value and Valuation Masterclass - Batch 3 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals By Vaibhav Sisinity View Program Finance Value and Valuation Masterclass - Batch 2 By CA Himanshu Jain View Program Finance Value and Valuation Masterclass Batch-1 By CA Himanshu Jain View Program Every year, the Prime Minister hoists the national flag at the Red Fort and addresses the nation. Across the country, schools, offices, and communities organize flag-hoisting ceremonies followed by cultural performances to mark the celebration. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like No annual fees for life UnionBank Credit Card Apply Now Undo Independence Day 2025 messages Happy Independence Day! Let's salute the sacrifices of our freedom fighters and cherish the gift of freedom. Freedom is our birthright—let's protect and cherish it. Jai Hind! On this Independence Day, let's pledge to build a stronger, united India. Proud to be an Indian today and always. Vande Mataram! May the tricolour always fly high and inspire us to work for a better tomorrow. Wishing you a joyous Independence Day. Independence is not just about freedom—it's about responsibility. Let's make India proud with our actions. Happy Independence Day! Let's keep our traditions alive and our nation strong. From the struggles of yesterday to the opportunities of today—let's value our freedom every single day. Happy Independence Day to all! Let's work together for innovation, integrity, and a brighter future for our country. This Independence Day, let's commit to excellence in all that we do—for ourselves and for India. Proud to be part of a nation that believes in unity in diversity. Jai Hind! May this Independence Day inspire us to build a progressive and inclusive India. Independence Day 2025 wishes Wishing you a joyful Independence Day filled with pride, unity, and hope. Jai Hind! May the spirit of freedom motivate us to work for a brighter and stronger India. Happy Independence Day! On this special day, may our tricolor inspire you to achieve great heights. Warm wishes on Independence Day! Here's wishing you and your family a proud and blessed Independence Day! May the glory of our nation always shine in our hearts. Happy Independence Day! Let's celebrate the gift of freedom and remember the heroes who made it possible. Happy Independence Day! May peace, progress, and prosperity always be with our nation. Best wishes on Independence Day! Wishing you a day full of patriotism, love, and joy. Happy Independence Day! May the sacrifices of our heroes always inspire us to work hard for the nation's growth. Jai Hind and Happy Independence Day! "May our nation's flag fly high and proud today and every day. Have a wonderful Independence Day!" "On this special day, let's remember the sacrifices of our heroes. Happy Independence Day to you and your family!" "Wishing you a joyful Independence Day filled with pride and happiness. Let's celebrate the spirit of freedom!" "Happy Independence Day! May our country continue to thrive in peace and prosperity." "Celebrate the freedom and liberty that define our country. Happy Independence Day 2025 !" This Independence Day, let's renew our promise to build a better India for future generations. Wishing you a proud day! "Wishing you a day full of joy and reflection as we commemorate our independence. Have a great Independence Day!" 'May the tricolor fly high and the spirit of unity shine bright. Wishing you a Happy Independence Day!' Independence Day quotes "Freedom is never voluntarily given by the oppressor; it must be demanded by the oppressed." – Martin Luther King, Jr. "At the stroke of the midnight hour, when the world sleeps, India will awake to life and freedom." – Jawaharlal Nehru "Swaraj is my birthright, and I shall have it." – Bal Gangadhar Tilak "Freedom is never dear at any price. It is the breath of life. What would a man not pay for living?" – Mahatma Gandhi "Let freedom reign. The Sun never set on so glorious a human achievement." – Nelson Mandela "Those who deny freedom to others deserve it not for themselves." – Abraham Lincoln "Where the mind is without fear and the head is held high; where knowledge is free." – Rabindranath Tagore Independence Day images iStock iStock Live Events iStock
