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Warburg Pincus to invest up to USD210m in Meril

Warburg Pincus, a global growth investor through its affiliate South Elm Investments, is to invest ~USD210 million for a minority stake in Micro Life Sciences Private Limited, parent organisation of Meril group of companies, India’s largest medical devices company.

Warburg Pincus, a global growth investor through its affiliate South Elm Investments, is to to invest ~USD210 million for a minority stake in Micro Life Sciences Private Limited, parent organisation of Meril group of companies, India’s largest medical devices company.

The transaction is awaiting CCI approval.

Founded by the Bilakhia family, Meril is a fast-growing medical devices company that designs, manufactures and distributes clinically relevant and state-of-the-art medical devices. With robust R&D facilities, world-class manufacturing capability, deep distribution reach and commitment to invest in educational and training programs via Meril Academy, Meril has attained a leading market position in India across several categories and has introduced innovative products globally.

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