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Clues by NC Team • 1 Apr 2019, Monday

Private equity player Everstone will sell its 70% stake in Rubicon Research for around Rs 1,000 crore. The stake sale will fetch more than four times return on the initial investment. In 2016, Everstone Group acquired 70% shareholding in Rubicon for about Rs 220 crore. Rubicon is into research, development and manufacturing of branded and specialty generic products as well as OTC (Over the Counter) products. 

Read More at The Economic Times

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