The deal is pending final approval by the United States Bankruptcy Court for the District of Delaware, Aurobindo said in a statement.

Aurobindo Pharma shares were purchased for an average price of Rs 875.94 apiece, amounting the transaction to Rs 206.74 crore.

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Conglomerates as well as smaller players backed by dollops of private equity are investing big bucks in processing food and taking it to the consumer.

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