Infinity Holdings Sidecar I and Infinity Holdings, managed by Infinity Investment Management, Investment Arm and others entered into a share purchase agreement to acquire 43.73% stake in Jagsonpal Pharmaceuticals Limited from Aresko Progressive Private Limited and Rajpal Singh Kochhar for INR 2.7 billion.

Infinity Holdings Sidecar I and Infinity Holdings, managed by Infinity Investment Management, Investment Arm and others entered into a share purchase agreement to acquire 43.73% stake in Jagsonpal Pharmaceuticals Limited (NSEI:JAGSNPHARM) from Aresko Progressive Private Limited and Rajpal Singh Kochhar for INR 2.7 billion on February 21, 2022. As per the transaction, Infinity Investment Management will acquire 1,14,55,500 shares representing 43.73% at INR 235 per share. After the transaction, Aresko Progressive Private Limited stake will reduce from 65.71% to 21.99% in Jagsonpal Pharmaceuticals Limited.

Jefferies LLC acted as financial advisor to Jagsonpal Pharmaceuticals Limited. Khaitan & Co. acted as legal advisor to Jagsonpal Pharmaceuticals Limited.