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BPL Medical Technologies secures equity commitment of Rs 110 crore from Goldman Sachs

13 May 2013 Evaluate

BPL’s group company - BPL Medical Technologies, a leading medical device company, has secured an equity commitment of Rs 110 crore (approximately $20 million) from Goldman Sachs, a leading global investment bank. The investment will be used to further expand the company’s medical device business and is subject to customary approvals.

Established in 1963, BPL started manufacturing precision electrical instrumentation and diversified into medical devices in 1967. Over its 46-year history, BPL has developed a strong brand, an attractive product portfolio and a robust distribution and service network for the medical device business.

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