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Temasek, ADIA to put $300mn into Micro Life
Hindustan Times Noida
|May 27, 2025
Warburg Pincus-backed Micro Life Sciences Pvt. Ltd is in advanced talks to raise capital from Singapore's Temasek Holdings and UAE's Abu Dhabi Investment Authority (ADIA) ahead of its initial public offering (IPO), three people aware of the development said.
MUMBAI: Warburg Pincus-backed Micro Life Sciences Pvt. Ltd is in advanced talks to raise capital from Singapore's Temasek Holdings and UAE's Abu Dhabi Investment Authority (ADIA) ahead of its initial public offering (IPO), three people aware of the development said.
"The current funding round is expected to be around $250-300 million," one of the people cited above said. The company is likely to go public over the next 12-18 months, the second person added.
"The (valuation) ask is around ₹65,000 crore, which is more than 40 times its Ebitda," the third person said, adding the company reported an earnings before interest, taxes, depreciation and amortization, or Ebitda, of around ₹1,300 crore in FY25. All three people spoke on the condition of anonymity.
This story is from the May 27, 2025 edition of Hindustan Times Noida.
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