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Concord Biotech acquires 27.38% of FSGE

Sep 01, 2026
AhmedabadManufacturingBiotechnologyHealth CarePharmaceutical

Description

Concord Biotech Limited has agreed to acquire a 27.38% equity stake in FSGE Renewable Power Private Limited for ₹6.3 crore. This investment aims to support the development of a wind-solar hybrid power project to supply renewable energy to Concord's Limbasi Facility. Following the transaction, FSGE will become an associate of Concord Biotech, reinforcing their commitment to renewable energy solutions.

Company Information

Company

Concord Biotech Limited

Location

Ahmedabad, Gujarat, India

About

Concord Biotech Limited is a pharmaceutical company focused on research and development in biotechnology and advanced therapeutics. The company invests in innovative solutions for healthcare challenges, with a strong emphasis on immunosuppressants and anti-infectives. They also engage in contract manufacturing and possess a robust product pipeline. Their recent advancements include gaining certification for a new injectable facility.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.