Tatas buy 30% in Pune biotech firm

Tatas buy 30% in Pune biotech firm

Kausik Datta & C H Unnikrishan / Mumbai March 10, 2006

Pune-based biotechnology firm Indigene is likely to be the Tata group's flagship in the growing biotechnology space. The group has picked up a 30 per cent stake in the company for an undisclosed amount.

Tata Industries, the incubator for the group's new initiative, has a small stake in the Bangalore-based Avestha Gengraine, a biotech firm founded by Villoo Morawala Patell.

Confirming the latest development, sources at Bombay House, the headquarters of the Tata group in Mumbai, said the group would