Current Affairs - International - Discussion

Discussion :: International - Latest Current Affairs (Q.No.283)

283. 

The Carlyle Group, an United States(US) based private equity firm acquired how much stake in SeQuent Scientific Limited, the largest animal healthcare company from India?

[A]. 64%
[B]. 54%
[C]. 44%
[D]. 74%

Answer: Option D

Explanation:

On 8th May 2020, The Carlyle Group, an United States(US) based private equity firm acquired 74% stake in SeQuent Scientific Limited, the largest animal healthcare company from India for Rs.1,587 crore($210 million) for Rs.86 apiece. SeQuent is a pure-play animal healthcare company with global operations and provides pharmaceutical ingredients, formulations and analytical services in more than 100 countries and manufacturing in India, Spain, Turkey, Germany and Brazil.

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