Goldman Sachs is reportedly planning to buy 26% stake in Indian medical equipment maker Opto Circuits (India) for around Rs 300 crore. Following the acquisition, the investment banker will also appoint two members to the firm’s board.
The Global investment banker will acquire the stake through a combination of existing and fresh equity. The fresh infusion will be used to further expand the Opto Circuits’ medical device business.
Opto Circuits India is a multinational medical device company headquartered out of Bengaluru, India. The company designs, develop, manufacture, market and distribute a range of medical products that are used by healthcare establishments in more than 150 countries.
