Acquisitions in Gujarat, India

ChrysCapital is investing about $70 million to acquire an undisclosed minority stake in Ahmedabad-based pharmaceutical company La Renon. The investment expands ChrysCapital’s pharmaceutical portfolio as La Renon continues to grow its domestic formulations business across multiple chronic therapy segments.

Investcorp has led an INR 340 crore (approximately $41 million) growth investment in Canpac Trends, a paper-based packaging manufacturer headquartered in Ahmedabad. The transaction provides a partial exit to JM Financial India Fund II and will be used to expand Canpac’s production footprint across India, accelerate acquisitions and strengthen R&D.

KKR has completed the purchase of a majority stake in Vini Cosmetics, a leading Indian personal care and beauty products company. Vini's co-founders retain a significant stake and will continue in board roles as KKR partners with management to expand product categories, grow e-commerce, and broaden distribution domestically and internationally.