Carlyle Group portfolio companies in advanced talks for a potential merger

economictimes.indiatimes.com:

Carlyle Group portfolio companies Sequent Scientific and Viyash Life Sciences are in advanced talks for a potential Rs 7,000-8,000 crore merger, according to people familiar with the matter. Boards of both companies are likely to discuss the possibility in the coming week, according to those cited. There is no certainty a transaction will materialise, they said.

Sequent is listed and Viyash isn't. Viyash generated 1.5 times the operating profits of Sequent in FY24, said the people quoted above, adding that the two are exploring the merger due to possible back-end synergies.

ET first reported the story online on Thursday.

Carlyle, Sequent and Viyash didn't respond to queries.

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