India, March 27 -- image credit- shutterstock

Kotak Alternate Asset Managers Limited (Kotak Alts) has announced an investment of Rs 1,050 Crore in Himachal Pradesh-based Tirupati Medicare Limited. This investment will facilitate a complete exit for the existing investor and support Tirupati's expansion plans.

Founded in 2005, Tirupati is a leading player in the nutraceutical, pharmaceutical, and Ayush contract development and manufacturing sectors in India.

The company boasts of long-standing relationships with global industry leaders such as Herbalife, Glanbia, Abbott, Haleon, Cipla, Dr. Reddy's, Torrent, Macleods, Pfizer, Lupin, Dabur, and others.

Tirupati manufactures renowned brands including Optimum Nutrition, PediaSure, Centrum,...