HSBC, ePlanet to invest in Trivitron

Hyderabad, Oct 30 (UNI) Trivitron, India's leading medical technology company, today announced that HSBC private Equity (Asia) limited and ePlanet, a global venture capital and private equity firm, would invest USDollar 11 million in Trivitron.

A company release here said the fund would facilitate Trivitron's ambitious expansion plans as it was looking for acquisitions and joint ventures.

The fund would be utilised for the proposed Rs 250 crore medical technology park.

The release quoted Trivitron MD GSK Velu as saying the Indian medical technology industry accounted for an expenditure of US Dollars 2.7 billion.

UNI