New Delhi – 15th April 2010 - AIF Capital, one of the largest Asia-based independent private equity firms, is pleased to announce that AIF Capital Asia III, L.P. and its affiliates have invested INR 1,750 million (US Dollar 40 million) in Ordinary Equity Shares of Famy Care Ltd. (www.famycare.com), one of the world’s largest female oral contraceptives manufacturer. The investment would give AIF Capital a minority stake in Famy Care.

Famy Care is a family owned, pharmaceutical manufacturer based in Mumbai, India. The company specializes in the women’s healthcare market, specifically contraceptive formulations and devices. Famy Care is reportedly the largest generic manufacturer of oral contraceptives globally. It sells in emerging markets through both its own distribution channel and institutional contracts with leading global family care / population management organizations. (more…)

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