1 year ago

ADIA Invests $200M in Micro Life Sciences

ADIA Invests $200M in Micro Life Sciences
ADIA invests $200 million in Micro Life Sciences · thehindubusinessline.com

A company called Micro Life Sciences, which makes medical devices, just got a big investment.

The Abu Dhabi Investment Authority (ADIA), which manages money for the government of Abu Dhabi, is putting $200 million into the company.

This investment means ADIA now owns a small part of Micro Life Sciences.

The company is now valued at $6.6 billion.

Micro Life Sciences, created by the Bilakhia Group, is known for making advanced medical technologies.

They create products for heart problems, bone issues, and other medical needs.

This new investment should help the company grow and develop even better healthcare solutions.

Key facts

Investor
Abu Dhabi Investment Authority (ADIA)
Investment Amount
$200 million
Stake Acquired
3%
Valuation
$6.6 billion
Company
Micro Life Sciences (Meril)
Founded By
Bilakhia Group
Employees
13,000+

Sources

Related news