People Tree Hospital attracts Rs.220-Cr from BlackRock

Global asset management firm BlackRock has made a INR 220-crore debt investment in Bengaluru-based People Tree Hospital , making it the firm’s first investment in India’s healthcare sector. BlackRock is also committed to invest another INR 210 crore.The funding through secured, listed and rated non-convertible debentures (NCDs) is expected to allow the promoters to consolidate their ownership of the company as well as support its expansion.