NIIF invests Rs 2,100 crore in Manipal Hospitals

India’s quasi sovereign wealth fund – National Investment and Infrastructure Fund Limited (NIIFL) has invested Rs 2,100 crore in Manipal Hospitals, one in every of India’s largest multi-speciality healthcare provider.

The funding, made by way of its NIIF Strategic Opportunities Fund (SOF), the direct non-public fairness fund of NIIF, marks SOF’s first funding in the Indian healthcare sector.

Manipal Hospitals, headquartered in Bengaluru, has a serious presence throughout India with 15 hospitals and a key concentrate on tertiary and quaternary care.

It had not too long ago acquired Columbia Asia Hospitals, a number one chain of hospitals.

“We are delighted to associate with Manipal Hospitals in their subsequent section of development. Through this funding, NIIF seems ahead to taking part in a task in serving the healthcare wants of India,” stated Sujoy Bose, Managing Director & Chief Executive Officer of NIIF.

“We are more than happy to affix palms with NIIF as Manipal Hospitals continues on its path to succeed in many extra geographies and under-served communities to offer each entry and superlative scientific outcomes. Investing in the healthcare sector requires a long-term outlook in addition to a sensitivity to social duties,” stated Dr. Ranjan Pai, Chairman of Manipal Education and Medical Group.

NIIF Limited manages over $4.5 billion of fairness capital commitments throughout its three funds – Master Fund, Fund of Funds and Strategic Opportunities Fund, every with its distinct funding technique.

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