US based investment firm Oaktree Capital Management has acquired a majority stake of 60% in the Hyderabad headquartered pharmaceutical packaging firm Cogent Glass, which attracted an enterprise valuation of Rs 200 crore.
In a statement on Monday, Cogent Glass, a manufacturer of moulded type glass vials and tubular glass vials and ampoules, said support of Oaktree should help it achieve the ambition of emerging as the world's leading pharmaceutical glass manufacturer.
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