November 23, 2024 06:23 (IST)
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Abu Dhabi Investment Authority to buy stake in Instas Pharma

Abu Dhabi Investment Authority to buy stake in Instas Pharma

The Abu Dhabi Investment Authority (ADIA), a sovereign wealth fund owned by the Emirate of Abu Dhabi, is going to acquire about 3 percent in Intas Pharmaceuticals for $250-$270 million (Rs 2,000 crore) at a valuation of $8.5 billion (Rs 65,000 crore), media reports said.