PAG completed the acquisition of a majority stake in Pravesha.

PAG, an Asia-focused alternative investment firm, completed the acquisition of a majority stake in Pravesha, a largest pharma-focused packaging company. Financial terms were not disclosed. “India’s packaging sector has been one of our focuses, given its exposure to key themes driven by India’s domestic manufacturing, consumer and industrial sectors, particularly the strength of the country’s pharma export industry, leading to an expected double digit industry growth over the next decade and beyond. We believe Pravesha will be a significant and valuable part of our investments in the packaging sector, and we are eager to drive its growth organically and inorganically in the future,” Nikhil Srivastava, PAG Partner and Managing Director.