TII, Premji Invest to acquire Lotus Surgicals
Tube Investments of India Ltd (TII) and Premji Invest on Saturday signed a share purchase agreement to acquire Lotus Surgicals Pvt. Ltd. from India Medical Consumables Holdings Ltd. for ₹348 crore. TII will acquire 67% while Premji Invest will acquire the balance 33% subject to completion of certain conditions precedent. Currently, Lotus is engaged in the business of wound closure products. TII will invest up to ₹233 crore and Premji Invest will invest up […]
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