India: Motilal Oswal PE to invest about $33m in Molbio Diagnostics

Motilal Oswal Private Equity (MOPE), a subsidiary of diversified financial services group Motilal Oswal Financial Services Ltd, is investing about $32.75 million (Rs 240 crore) in Goa-based Molbio Diagnostics Pvt. Ltd, per an announcement.

In a statement, MOPE said that the investment would be made from its India Business Excellence Fund–III.

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