Other Private Equity/Strategic Investments
Hospital chain Park Medi World raises Rs.100-Cr from Carnelian Asset Management in pre-IPO round
Carnelian Asset Management has invested INR 100 crore in New Delhi-based Park Medi World , which operates a chain of hospitals, as part of a pre-IPO (initial public offering) round.Ajit Gupta, one of the promoters of the hospital chain, sold 61,72,840 equity shares, representing 1.6% of the company's stake, at INR 162 per share for a total consideration of about INR 100 crore.Park Medi World operates a network of 13 multi-speciality hospitals under the "Park Hospitals" brand, primarily in North India.
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