Dubai's Abraaj Group to buy majority stake in India's Care Hospitals
Abraaj tied up with India's Aditya Birla Group to invest jointly in building and operating new solar power plants
Arif M Naqvi, Founder and Group Chief Executive, Abraaj Capital, of the United Arab Emirates PHOTO: REUTERS
MUMBAI:
Abraaj Group, a Dubai-based private equity investor, said on Wednesday it plans to buy a majority stake in Quality CARE India Ltd, which runs CARE Hospitals, from global PE firm Advent International, marking the emerging markets-focused firm's latest investment in India.
Abraaj plans $2 billion investment in K-Electric
CARE, which operates a multi-specialty chain of 16 hospitals across nine cities, plans to expand in "underpenetrated" regions of India, as well as enter other markets where Abraaj operates, the Dubai firm said in a statement.
Abraaj tied up with India's Aditya Birla Group in October to invest jointly in building and operating new solar power plants in the country.
Strategic sale: K-Electric offloads Rs6.58b worth of shares
Abraaj Group, a Dubai-based private equity investor, said on Wednesday it plans to buy a majority stake in Quality CARE India Ltd, which runs CARE Hospitals, from global PE firm Advent International, marking the emerging markets-focused firm's latest investment in India.
Abraaj plans $2 billion investment in K-Electric
CARE, which operates a multi-specialty chain of 16 hospitals across nine cities, plans to expand in "underpenetrated" regions of India, as well as enter other markets where Abraaj operates, the Dubai firm said in a statement.
Abraaj tied up with India's Aditya Birla Group in October to invest jointly in building and operating new solar power plants in the country.
Strategic sale: K-Electric offloads Rs6.58b worth of shares