Sells API business to subsidiary, brings in PE investors for up to Rs 700 cr growth
RPGLIFE · price
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Board approved three deals: 1) Slump sale of API business to wholly owned subsidiary RPG Active Pharma for about Rs 33.55 cr. API contributed Rs 95.06 cr (13.54 percent) to FY26 revenue. 2) India Life Sciences Fund IV and Vistaject Fund to invest Rs 243.33 cr for 40 percent stake in RPGAP, with total commitment up to Rs 700 cr for API growth. 3) RPGAP to acquire 100 percent of Actis Generics for Rs 80 cr cash. Sale expected by Sept 30, 2026.
API business (13.5 percent of revenue) moves to subsidiary backed by PE investors with up to Rs 700 cr commitment; parent shareholding unchanged.