Temasek joins race to snap up stake in Romsons Group

Minority stake set to value the medical device manufacturer at about ₹1,500 crore

- Priyamvada C. & Sneha Shah

Last year, Temasek was also evaluating a significant minority stake in medical equipment maker Tynor Orthotics.

Singapore’s sovereign wealth fund Temasek has joined a race to acquire a minority stake in Romsons Group, in a deal that is expected to value the medical device manufacturer at about ₹1,500 crore, three people familiar with the matter said.

Private equity firms such as Warburg Pincus and TA Associates are also in the fray, The Times of India reported last month. If the deal materializes, this will be the company’s first round of external capital and will mark one of the largest deals in the space. Temasek declined to comment, while emails sent to Romsons on Thursday did not elicit a response till press time.