InvAscent picks minority stake for Rs 120 crore

Life Sciences and healthcare focused private equity firm InvAscent has picked up a minority stake in Sunways India by investing Rs 120 crore ($15 million) from its India Life Sciences Fund III (ILSF III).

Sunways specialises in manufacturing and marketing of ophthalmology formulations.

Sunways will use the capital for capacity addition, international expansion and acquisitions.

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