Canbank Venture Capital Fund (CVCFL) picks up stake in Bioneeds India Pvt. Ltd., (Bioneeds) Bengaluru by creditcardnewsupdates.com

Home | December 2015News | Canbank Venture Capital Fund (CVCFL) picks up stake in Bioneeds India Pvt. Ltd., (Bioneeds) Bengaluru

Canbank Venture Capital Fund (CVCFL) picks up stake in Bioneeds India Pvt. Ltd., (Bioneeds) Bengaluru
Canbank Venture Capital Fund (CVCFL) picks up stake in Bioneeds India Pvt. Ltd., (Bioneeds) Bengaluru
December 26, 2015
Bioneeds is a OECD GLP certified and AAALAC accredited Pre-Clinical Contract Research Organization with 1,10,000 SFT of world class Vivarium and supporting laboratories at Bengaluru.

Canbank Venture Capital Fund Ltd (CVCFL) through its Fifth Fund viz., Emerging India Growth Fund has invested Rs.250 Million by way equity shares and convertibles for a minority stake in M/s Bioneeds India Private Limited (Bioneeds).

Total expansion program will lead to addition of 120,000 Sq ft of facility, of which 55,000 Sq Ft will be added immediately. This will result in total 230000 Sq ft facility consisting of Biopharma discovery labs (Molecular Biology, Cell Culture, Upstream and Down...
View more at: http://www.1888pressrelease.com/canbank-venture-capital-fund-cvcfl-picks-up-stake-in-bione-pr-580227.html

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