Warburg Pincus acquires stake in Indian ophthalmic equipment leader, Appasamy Associates, its largest healthcare investment in India.

Private equity firm Warburg Pincus has acquired a stake in Appasamy Associates, the largest Indian manufacturer of ophthalmic equipment and intraocular lenses, making it the largest investment in the healthcare sector by the firm in India. Appasamy Associates, based in Chennai, is the industry leader in India operating in the ophthalmic medical devices market and plans to use the funds to enhance its manufacturing and R&D capabilities, and for product innovation.

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