Oaktree Capital buys majority stake in Cogent Glass

Date: 12 June 2013
Source: www.economictimes.indiatimes.com

Date: 12 June 2013

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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600450 Oaktree Capital buys majority stake in Cogent Glass glassonweb.com

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