State Bank of India (SBI) is considering joining a group of global lenders to provide funding for Sun Pharmaceutical Industries Ltd.’s planned overseas acquisition in the United States, according to people familiar with the matter. The financing being discussed is about $1 billion for SBI, as part of a larger funding effort totaling around $12 billion for the deal. The reports indicate that SBI’s participation would be coordinated with other international lenders rather than through a standalone arrangement. Details on the acquisition target, timing, deal structure, and final terms were not provided in the cited accounts. The information is described as coming from individuals familiar with the matter, suggesting discussions are at least partly in progress. Both outlets frame the development as a planned bank participation in the credit package rather than a final, publicly confirmed agreement. No official statement from SBI or Sun Pharma is reflected in the provided excerpts.
SBI to join $1 billion funding for Sun Pharma’s US acquisition
State Bank of India (SBI) is considering joining a group of global lenders to provide funding for Sun Pharmaceutical Industries Ltd.’s planned overseas acquisition in the United States, according to p...
- SBI is reported to plan to provide about $1 billion in funding for Sun Pharma’s US acquisition.
- The overall deal financing package is reported to be about $12 billion.
- SBI would reportedly participate as part of a group of global lenders.
- The information comes from people familiar with the matter, and further deal details were not provided in the excerpts.
- The reports do not specify the acquisition target or final terms in the provided text.
State Bank of India plans to join a group of global lenders in funding Sun Pharmaceutical Industries Ltd.’s $12 billion overseas acquisition, according to people familiar with the matter.
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