Goldman, Sachs & Co. Invests $20 Million in BPL Medical Technologies

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Goldman Sachs, the global financial powerhouse, has picked up a 49% stake in Bangalore-based BPL Medical Technologies for Rs 110 crore. BPL Ltd, which was once the market leader in consumer electronics segment, recently spun off the medical equipment business, thus enabling the infusion of private equity into this fast growing segment. In addition to this business, BPL has presence in the smart home equipment business, power generation and the telecom equipment focussing on the EPABX sectors. The fresh infusion will be used to further expand the company’s medical device business into areas such as imaging and neo-natal care. Established in 1963, BPL Limited started manufacturing precision electrical instrumentation and diversified into medical devices in 1967.

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