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Evolvence invests $8.85M in Fermenta Biotech

This article was originally published in Scrip

Executive Summary

Evolvence India Life Sciences Fund (EILSF), a fund focused on investing in the life sciences space in India, is picking up a 21.05% stake in Fermenta Biotech Limited for Rs 40 crore.($8.85 million). The investor picked up half the stake from Fermenta's parent DIL , formerly Duphar Interfran Limited.

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