Goldman Sachs invests $20mln in Indian medical device maker

HONG KONG Mon May 13, 2013 9:03am IST

Stocks

   

HONG KONG May 13 (Reuters) - Goldman Sachs is investing $20 million in Indian medical device maker BPL Medical Technologies, a unit of BPL Ltd, the bank's second investment in India this month.

BPL Medical distributes products such as electrocardiographs and defibrillator through dealers across India. The funds will be used to expand the company's business, Goldman and BPL said in a joint statement on Monday.

Goldman Sachs acquired a $110 million stake in cable distribution company DEN Networks Ltd last week.

A string of acquisitions this year has pushed India to the top of the Asia's inbound M&A league table, as foreign companies ride on a consumer boom. India's inbound M&A volume totalled $9.86 billion this year, ahead of China, according to Thomson Reuters data.

In August last year, Goldman Sachs bought a $54 million stake in Indian surgical care and fertility clinics company Nova Medical Centers. Globally, Goldman Sachs has invested more $8 billion in the healthcare sector, spread across more than 30 companies, including Biomet, iHealth Technologies.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Shares Hit Record

Sensex, Nifty rise to second consecutive record high

Sensex surges 500 points on BOJ easing, L&T gains

The BSE Sensex and Nifty surged to record highs for a second consecutive session on Friday after Bank of Japan's surprise expansion of its massive stimulus programme raised hopes for additional foreign inflows, boosting blue-chips such as Larsen & Toubro.  Full Article 

REUTERS SHOWCASE

Indian Economy

Indian Economy

India's fiscal deficit in H1 almost 83 pct of full-year target.  Full Article 

M&M Earnings

M&M Earnings

M&M Q2 net profit down 4 percent, hit by poor monsoon.  Full Article 

Ban on E-Cigs?

Ban on E-Cigs?

Govt considers ban on e-cigarettes, sale of single smokes.  Full Article 

Commodities

Commodities

Silver futures in India hit four-year low on global cues.  Full Article 

BOJ Policy

BOJ Policy

BOJ shocks markets with surprise easing as inflation slows.  Full Article 

Shadow Banking

Shadow Banking

China's shadow banking sector growing rapidly, third largest in world - FSB.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage