MAJORITY STAKE IN ZCL CHEMICALS TO BE ACQUIRED BY ADVENT INTERNATIONAL

HIGHLIGHTS

• ZCL Chemicals is selling a majority stake in its company to Advent International.
• This acquisition fixes an enterprise valuation of ?1,700 billion for pharma firm ZCL Chemicals.

US-based private equity firm Advent International has signed a definitive agreement to acquire a majority stake in Mumbai-based ZCL Chemicals Ltd which is a pharmaceutical firm. Although the fin....