|Chennai||Rs. 24470.00 (1.37%)|
|Mumbai||Rs. 24900.00 (0.97%)|
|Delhi||Rs. 24200.00 (1.26%)|
|Kolkata||Rs. 24160.00 (0%)|
|Kerala||Rs. 24000.00 (0.63%)|
|Bangalore||Rs. 23800.00 (0%)|
|Hyderabad||Rs. 24140.00 (1.17%)|
MUMBAI (Reuters) - U.K.-based private equity fund Advent International has invested about $105 million in India's Care Hospitals by acquiring shares from some of the existing investors and injecting additional capital into the business.
Care is the largest multi-specialty hospital chain in South India, with strength in cardiac care, neurology, nephrology and general medicine, the private equity fund said in a statement.
This is Advent's third investment in India. The statement did not specify what stake the private equity fund would get in Care.
Advent, which manages about $26 billion globally and has made investments in CAMS, a provider of outsourced transaction processing for mutual funds and insurance and Element-K, a corporate e-learning business acquired by SkillSoft.
(Reporting by Indulal PM; Editing by Subhadip Sircar)