PEs, banks in talks to buy stake in SRL Ranbaxy

NEW DELHI: Leading PE firms and banks such as ICICI Venture, Yes Bank, GM Financial and Standard Chartered are learnt to be in talks with Ranbaxy's diagnostic chain, SRL Ranbaxy, for a minority stake ahead of the company's proposed IPO.

SRL Ranbaxy has received expressions of interest (EoI) from several financial funds and talks are at a fairly advanced stage. However, the company has not finalised the financial details or the stake it would offload before its public issue.

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