ADIA to invest $200mln in India's $6.6bln medical device firm Meril
The investment values the Gujarat-based Meril at $6.6 billion.
The transaction is subject to regulatory approval by the Competition Commission of India (CCI).
Founded by the Bilakhia Group, Meril operates across multiple specialties including cardiovascular, structural heart, orthopaedics, and surgical robotics.
ADIA, which established a subsidiary at the Gujarat International Finance Tec-City (GIFT City) last October with plans to set up a $4-$5 billion fund in the special economic zone, has been increasing its India investments over the past year, including in healthcare and pharmaceuticals. Earlier, ADIA acquired a 3% stake in Intas Pharmaceuticals, for approximately $250–$270 million, which valued the Indian firm at around $8.5 billion.
The Abu Dhabi sovereign wealth fund also emerged as a key investor in India's Akums Drugs and Pharmaceuticals July IPO, allocating 500 million rupees ($6 million), and representing 6.03% of the anchor investment portion.
(Writing by Bindu Rai, editing by Seban Scaria)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Khaleej Times
30 minutes ago
- Khaleej Times
UAE leads key markets in HNW allocation to sustainable investments
High-net-worth investors in the UAE allocate 27 per cent of their portfolios to sustainable investments, the highest among all eight markets surveyed, a report showed on Tuesday. According Standard Chartered's latest Sustainable Banking Report 2025, 87 per cent of UAE investors are interested in transition investing, broadly in line with the global average. The report, titled 'Transition investing: the next wealth frontier?' is based on a survey of high-net-worth individuals across the United Arab Emirates, Hong Kong, Mainland China, India, South Korea, Taiwan, Malaysia, and Singapore. It explores how investors are approaching the shift to a low-carbon economy and identifies the opportunities and challenges associated with transition investing. Rola Abu Manneh, Chief Executive Officer, UAE, Middle East and Pakistan, Standard Chartered, said: 'The findings reaffirm the UAE's leadership in sustainable finance, with UAE high-net-worth investors allocating the highest share of their portfolios to transition investments across all surveyed markets. This growing momentum supports the country's Net Zero 2050 vision and reflects a broader shift towards low-carbon, future-focused investment strategies. At Standard Chartered, we are committed to enabling this transition by providing the insights and solutions that help investors capitalise on emerging opportunities and contribute meaningfully to a more sustainable economy.' The UAE's strong allocation is mirrored in the specific investment themes gaining prominence across the country. UAE investors are particularly focused on high-impact investment themes that align with the UAE's energy diversification goals and broader climate commitments. Green hydrogen (51 per cent), carbon markets (48 per cent), and carbon capture and storage (47 per cent) emerged as the most compelling areas of interest, reflecting a growing focus on real economy solutions that support the transition to a low-carbon future. While investor appetite is strong, the research identifies key barriers slowing broader capital deployment into transition strategies including higher risks (45 per cent) and limited access to credible products (36 per cent). These findings suggest that unlocking further capital will depend on building trust, enhancing product transparency, and improving access to well-structured solutions. Although interest in the UAE and other surveyed markets is high, the research also reveals a broader knowledge gap. Only a small proportion of global investors (15 per cent) were able to clearly define the concept of transition investing before being presented with a formal definition and examples. This highlights the ongoing need for investor education and clearer market guidance. To help bridge this gap, Standard Chartered has launched a Transition Investing Guide designed to support clients in assessing credible opportunities and contributing meaningfully to the global transition.
Zawya
an hour ago
- Zawya
Ford South Africa accelerates dealer network growth with $51mln investment
Ford's dealer network in South Africa is set to undergo a significant transformation, with partners committing over R900m in upgrades and new projects over the next three years. The investment signals strong confidence in the brand's direction, growth strategy, and relevance in an increasingly competitive automotive landscape. The infrastructure rollout comes at a time when many global automakers are scaling back, yet Ford and its dealer partners are doubling down on customer-focused strategies, updated facilities, and modern service offerings to reinforce its position as a leading volume brand. 'That's not us saying we believe in Ford,' said Neale Hill, president of Ford Motor Company, Africa. 'That's our partners endorsing it – a clear vote of confidence in our direction, our people, and most importantly, our customers.' Dealer projects and infrastructure modernisation Twenty new dealership projects and upgrades are already underway or scheduled for completion this year, contributing to a broader investment pipeline across Ford's Southern African dealer network. The upgrades focus on right-sizing facilities, improving accessibility, enhancing digital readiness, and aligning with global retail design standards. Ford's network spans 118 locations across South Africa, Botswana, Namibia, and Eswatini, and collectively supports over 10,000 direct jobs in South Africa alone. According to Ford, updated dealerships that meet its global retail standards consistently outperform older ones across key customer metrics – supporting both profitability and customer satisfaction. The company says the investment is intended not just to update physical spaces but to align with shifting consumer behaviours, especially as time-conscious, digitally engaged customers expect more streamlined experiences from automotive retailers. Focus on product strength and sales momentum Ford's dealer network plays a pivotal role in delivering the company's growing product line to market. In 2024, the Ranger Double Cab became the first bakkie to win the SA Car of the Year award and remains South Africa's top-selling double cab. The high-performance Ranger Raptor also earned recognition in 2025 as the 'Ultimate Double Cab Bakkie' in the Awards. This product strength has translated into strong local performance: Ford's share of the new vehicle market reached 6.5% in June, up by 0.5 percentage points month-on-month, securing the brand fourth place overall. Ranger sales remain the key driver of this growth – a notable achievement in a market where passenger cars have led most of the recent gains. Evolving the ownership wxperience The dealer investment is supported by a broader push to redefine Ford's customer experience under its Ford Family Promise. The initiative includes tailored finance solutions, aftersales support, and other ownership benefits designed to improve customer satisfaction and retention. 'It's more than a brand initiative – it's a shared commitment between Ford and our dealer partners to put the customer at the centre of everything we do,' said Hill. Ford says this approach is intended to foster long-term loyalty and align with its vision of a premium, globally consistent ownership experience. Outlook: building for the long term Ford South Africa's retail strategy reflects a broader trend toward future-proofing automotive businesses in the face of rising customer expectations and evolving retail formats. 'We are not waiting for the future, we are building it,' Hill concluded. 'With our dealer partners, we're investing where it counts: in people, experience, and the strength of the Ford brand.' All rights reserved. © 2022. Provided by SyndiGate Media Inc. (
Zawya
an hour ago
- Zawya
Corporate and academic teams welcome to register in a new Kaspersky contest
Kaspersky announces the registration opening for its brand-new Kaspersky{CTF} (Capture the Flag) competition, inviting academic and corporate teams from around the globe to compete in a battle of skill, strategy and innovation. The competition will run in five regional streams, with the winning teams of each stream getting a unique opportunity to join the finals as part of Kaspersky's Security Analyst Summit in Thailand on October 25-28 and compete for an $18,000 prize pool. In an era where cyberthreats continue to evolve, Kaspersky remains committed to fostering cybersecurity talent and upskilling cybersecurity professionals worldwide to help them counter the constantly developing threat landscape. In May, Kaspersky hosted SAS CTF (Security Analyst Summit Capture the Flag) qualifiers for the community of cybersecurity researchers, defining eight teams that will meet at the finals. The new CTF competition — Kaspersky{CTF} — is designed to reach out to an even broader audience of researchers and bring together teams from academic and corporate fields, offering a platform for both rising talents and established experts to test their skills on a grand scale. Registration for the competition is open for the participating teams, here. To register their team, potential participants should choose one of the regional streams: North America, South America and the Caribbean Europe The Middle East, Turkiye and Africa Russia and the CIS Asia and Oceania To complete registration, all participants will have to verify their affiliation with a recognized institution or organization, using emails with corporate or academic domains. On August 30-31, the teams, that passed the registration, will step up to the 24-hour online CTF tournament that will define regional winners. During the challenge, they will face cutting-edge cybersecurity tasks, ranging from cryptography and reverse engineering to web security, and undoubtedly AI. The META stream of the competition is organized with the support of the UAE Cyber Security Council. The Council plays a vital role in securing the nation's digital transformation and supporting initiatives that enhance cyber resilience within the local market. H.E Dr. Mohamed Al Kuwaiti, Head of the UAE Cyber Security Council, stated: "The UAE Cyber Security Council is committed to fostering a resilient and forward-looking cyber environment". He added: "We recognize the critical importance of nurturing cybersecurity talent and commend initiatives like the Kaspersky CTF for empowering cybersecurity professionals and strengthening community cooperation". The winners of five regional Kaspersky{CTF} streams will have an opportunity to receive an exclusive invitation and travel coverage to the SAS CTF 2025 on-site finals in Thailand to compete for the main prize together with eight SAS CTF finalists. "Organizations supporting or participating in CTFs not only strengthen internal cyber capabilities but also signal a proactive commitment to talent development and industry leadership. For young researchers, Kaspersky{CTF} is a unique opportunity to meet the real-world challenges and realize that work in cybersecurity is worth it," commented Igor Kuznetsov, Director of Kaspersky's Global Research & Analysis Team. In preparation for the main event, Kaspersky will organize a series of educational sessions designed to enhance participants' competitive readiness. These webinars will cover teaser tasks and strategies for effective CTF performance at SAS CTF finals. About Kaspersky Kaspersky is a global cybersecurity and digital privacy company founded in 1997. With over a billion devices protected to date from emerging cyberthreats and targeted attacks, Kaspersky's deep threat intelligence and security expertise is constantly transforming into innovative solutions and services to protect individuals, businesses, critical infrastructure, and governments around the globe. The company's comprehensive security portfolio includes leading digital life protection for personal devices, specialized security products and services for companies, as well as Cyber Immune solutions to fight sophisticated and evolving digital threats. We help millions of individuals and over 200,000 corporate clients protect what matters most to them.
