Micro LifeSciences Private Limited (Meril), an Indian medical technology company founded by the Bilakhia Group, has been valued at $6.6 billion following a second investment by a foreign investor. The transaction, subject to approval by the Competition Commission of India, brings in the Abu Dhabi Investment Authority (ADIA) with $200...
India Is an Important Market for Meta Globally
A summary of an interview with Sandhya Devanathan, Meta's head in India: Sandhya Devanathan, who has led Meta's operations in India for nearly two years, discusses the company's significant growth and challenges in the Indian market. While Meta has experienced substantial business expansion and increased user engagement across Facebook, Instagram,...
Biocon Biologics Acquires Viatris’ Global Biosimilars Business
Biocon Biologics a subsidiary of Biocon Ltd., based in Bangalore, India, successfully completed its multi-billion dollar acquisition of the global biosimilars business of its partner Viatris Inc. headquartered in Canonsburg, Pennsylvania. Viatris received a $2 billion upfront cash payment and $1 billion in Compulsorily Convertible Preference Shares, representing a stake...
Prosus Calls Off $4.7B Takeover of India’s BillDesk
Amsterdam-listed Prosus NV, the investment arm of South Africa's multinational Naspers, terminated the $4.7 billion acquisition of online payments gateway company BillDesk, based in Mumbai, India. In a note published on Prosus’ website, Eoin Ryan, head of investor relations, said, "Certain conditions precedent were not fulfilled by the September 30,...
India Ruling Reveals Name of Google J&J Device Venture
A ruling by the Competition Commission of India sheds light on the robot-assisted surgery joint venture between Johnson & Johnson's Ethicon unit and Google. Although the companies have not revealed many details about the project, the India ruling mentions the name of the new company: Warren Robotics. The partners intend...