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Private Equity | 21 November 2012

Matrix Partners Acquires Stake In Mewar Orthopaedic

by Paritosh Gajjar
Matrix Partners Acquires Stake In Mewar Orthopaedic
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Matrix Partners India has picked up a minority stake in Mewar Orthopaedic Hospitals for an undisclosed amount in the first institutional investment round.

ET states that the PE firm bought around 20% stake for approx. R30 Cr.

The funds will be used for setting up of 100-bed center of excellence in Udaipur and increase spread across Sirohi, Mandsaur and Chittorgarh.

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Realty Developer Nitesh Estate Acquires Pune's Plaza Centre Mall

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Real estate developer Nitesh Estates has acquired the 1 Mn sq-ft Plaza Centre Mall in Pune from Elbit Imaging Group owned by Israeli billionaire Mordechai Zisser, for INR 3,000 Mn.

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