NIIFL to invest ₹2,100 cr in Manipal Hospitals
A file photo of Manipal Hospitals, Bengaluru
(Photo: ANI)Premium
. Updated: 01 Apr 2021, 07:32 PM IST PTI
For the investment, NIIFL will get a minority stake in Manipal Hospitals as Chairman of Manipal Education and Medical Group Ranjan Pai is selling a small percentage of his stake in the company
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NEW DELHI :
The National Investment & Infrastructure Fund Ltd (NIIFL) on Thursday announced an investment of ₹2,100 crore in Manipal Hospitals, through its direct private equity fund, Strategic Opportunities Fund, as the healthcare provider pursues its next phase of growth.
For the investment, NIIFL will get a minority stake in Manipal Hospitals as Chairman of Manipal Education and Medical Group Ranjan Pai is selling a small percentage of his stake in the company, a spokesperson of the hospital chain told PTI.