21 Sep 2025 | 5 Mins Read
General Atlantic offloads part of Rubicon Research ahead of IPO
Flipitmoney
US-based private equity firm General Atlantic reduced its stake in Maharashtra-based pharma company Rubicon Research to 52.15% by selling 28.89 lakh shares worth ₹140 crore to TIMF Holdings and other investors. The company filed draft IPO papers with SEBI on July 31, 2024, seeking ₹1,085 crore, with General Atlantic offloading 5.19% stake in two deals, raising ₹390 crore.