Warburg Pincus has agreed to pick up a minority stake for USD 210 million (about Rs 1,575 crore) in Micro Life Sciences, the parent firm of the Meril Group, which is the most significant medical devices firm in the country.

Warburg said the transaction, awaiting CCI approval, will be carried out through its affiliate South Elm Investments.

• Stocks Under F&O Ban: Hindustan Copper, PVR Inox, RBL Bank, and Others
• GMR Airports Gears up for Next Phase of Growth; Launches New Operations Centre 
• Sai Life Sciences Ltd IPO GMP & Lot Size Details : Worth Investing Or Not?
• BEML Shares Rally 4% on Securing a Rs 136 Crore Order 
• Haber Raises $44 Million Through a Series C Funding Round 

Founded by the Bilakhia family, Meril is a fast-growing medical devices firm that designs, manufactures and distributes clinically relevant and state-of-the-art medical devices.

With R&D facilities, manufacturing capability, distribution reach, Meril has market leading position across several categories.