BNP Paribas Arbitrage, MK Ventures and NGPFG completed the acquisition of an 11.68% stake in Laurus Labs from Warburg Pincus for $83m.

BNP Paribas Arbitrage, a financial services provider, MK Ventures, the family office of prominent Indian investor Madhusudan Kela, and Norway Government Pension Fund Global, the asset management unit of the Norwegian central bank, completed the acquisition of an 11.68% stake in Laurus Labs, a developer of active pharmaceutical ingredients, from Warburg Pincus for $83m. According to the data, BNP Paribas Arbitrage acquired 1.5m shares of the Indian drugmaker at $6.7 apiece on the same day, Government Pension Fund Global lapped up 941k shares at $6.69 apiece and MK Ventures acquired 758k shares at $6.75 apiece.