US EditionADIA Pumps $200 Mn into Meril, Valuing Indian MedTech Major at $6.6 Bn
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ADIA Pumps $200 Mn into Meril, Valuing Indian MedTech Major at $6.6 Bn
In a big move in India’s MedTech space, the Abu Dhabi Investment Authority (ADIA) is investing USD 200 million for a ~3% stake in Meril, a leading medical devices firm based in Vapi, Gujarat. This values Meril at a whopping USD 6.6 billion.Meril, founded by the Bilakhia Group, is known for its cutting-edge innovations in cardiovascular devices, surgical robotics, orthopaedics, and diagnostics. It exports to over 150 countries, employs 13,000+ pe…
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