PI Oppurtunities Fund I Scheme II managed by Premji Invest Limited and Tube Investments of India Limited (NSEI:TIINDIA) entered into a Share Purchase Agreement to acquire Lotus Surgicals Private Limited from lndia Medical Consumables Holdings Limited and other shareholders for INR 3.48 billion on March 24, 2023. Tll will be acquiring 67% of equity share capital of Lotus and Premji lnvest will be acquiring 33% of equity share capital of Lotus. Lotus Surgicals Private Limited reported a Turnover of INR 1.16 billion in FY 2021-22. Transaction is expected to complete on April 30, 2023.

PI Oppurtunities Fund I Scheme II managed by Premji Invest Limited and Tube Investments of India Limited (NSEI:TIINDIA) completed the acquisition of Lotus Surgicals Private Limited from lndia Medical Consumables Holdings Limited and other shareholders on May 10, 2023.