Linux Laboratories raises $70M from ChrysCapital and Tata Capital Healthcare Fund

Chennai-headquartered pharmaceutical formulations company Linux Laboratories has raised $70 million in equity capital from ChrysCapital and Tata Capital Healthcare Fund III. The transaction, which is a combination of primary capital and secondary purchase, will see ChrysCapital acquiring a significant minority stake in Linux and includes a full exit of Tata Capital Healthcare Fund II (TCHF II) at approximately 4x returns. Linux said it will use this funding to support its next phase of growth su