Taparias to pick majority stake in Guardian pharmacy chain – Feedback

The Taparia family, who had sold Famycare, the female healthcare business to drug maker Mylan for Rs 4600 crore last year, have picked a majority stake in Guardian Lifecare, India’s third largest pharmacy chain after Apollo and Medplus. The deal, under discussions for the past few months, is valued at around Rs 55 crore, a source aware of the development told.

A questionnaire to the Taparias on the development was not answered. Samara Capital and Ajay Lal, a private equity professional, are existing equity holders in Guardian. Following the deal with Taparias, Guardian will be run by a professional management team. Ashutosh Garg, who started the chain in 2003, will have a minority stake in the new company and hold a seat on the board of directors. With new infusions, Guardian is expected to consolidate itself in the NCR and late aim at a national footprint. Besides, Guardian will strengthen its online arm for pharmacy and health care services.


About news

We take care of publishing the latest investment news and highlights for Feedback

Leave a Reply

Your email address will not be published. Required fields are marked *