TII, Premji to acquire India medical devices player
Tube Investments of India (TII) and Premji Invest have agreed to acquire medical instruments maker Lotus Surgicals for up to INR 3.5bn (USD 42.3m), providing an exit for Samara Capital.
TII is an engineering investment unit of industrials conglomerate Murugappa Group. Premji Invest is the family office of Wipro Group chairman Azim Premji. TII will invest up to about INR 2.3bn for a 67%...
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