Serum Institute looking for a $1 billion shot to fight covid, talks on with Blackstone, KKR and others

Serum Institute looking for a $1 billion shot to fight covid, talks on with Blackstone, KKR and others ​​The company, privately owned by Cyrus Poonawalla and his son Adar Poonawalla, plans to float a special purpose vehicle (SPV) for its vaccine candidates, ET has learnt. The amount raised would go to this entity and not to SII. The company expects to close the fundraising by September. https://ift.tt/eA8V8J