Advent International to Invest $2 Billion in Telangana's Life Sciences Sector
Deccan ChronicleHYDERABAD: Private equity firm Advent Internationalon Friday met IT and industries minister KT Rama Rao and said it will be investing about $2 billion bn in Telangana. “Advent International, one of the world’s largest private equity investors, is amplifying its presence within Hyderabad's flourishing life sciences landscape with a substantial Rs 9,589 crore investment to acquire a controlling stake in Suven Pharmaceuticals and to also establish a 50,000 sqft R&D lab in Genome Valley,” said IT and industries KT Rama Rao in a statement said. The announcement was made after Advent International managing director Pankaj Patwari and operating partner Vaidheesh Annaswamy met Rama Rao. "I'm delighted to witness the growth of Advent International's portfolio in Hyderabad’s life sciences sector.
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