Indian drugmaker Mankind Pharma said late on Thursday it would acquire Bharat Serums and Vaccines Ltd in a deal valued at around 136.30 billion rupees ($1.63 billion), including debt.

Mankind Pharma—owned by Indian billionaire brothers Ramesh and Rajeev Juneja— has agreed to buy Bharat Serums and Vaccines for $1.6 billion from Boston-based private equity firm Advent ...

Fast forward to 2023 and Ramesh, 68, is chairman and Rajeev, 58, is vice chairman and managing director of Delhi-based Mankind Pharma.In May, they staged the biggest IPO of the year so far, by ...