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Private Equity | 11 March 2013

Update: Temasek Invests In Premji Backed Healthcare Global Enterprises

by Paritosh Gajjar
Update: Temasek Invests In Premji Backed Healthcare Global Enterprises
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Singapore government’s investment vehicle, Temasek Holdings, has invested R140 Cr in South India headquartered Healthcare Global Enterprises (HCG), as stated by ET.

It also adds a valuation figure of HCG at R1,000 Cr with founder BS Ajaikumar holding back 26-28% stake.

With the latest round, Evolvence Capital, which had put in R30 Cr in the firm in 2007, has marked its exit with a return of around 2.3x.

The company is expected to double its network to 50 centers in India and Africa and also enter the multi-speciality space with the new funds.

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