Manipal Hospitals has invested growth capital in Ankur Healthcare, a speciality Centre, focused in delivering comprehensive services in the areas of Reproductive Medicine -IVF, Andrology and Men’s Health, IIFL stated.
ET stated that Manipal invested R40 Cr for 51% stake in Ankur Healthcare.
As part of deal, Ankur Healthcare will be renamed Manipal Ankur Andrology and Reproductive Services, and will be led by Vasan S.S., the founder of Ankur Healthcare.
This investment also marks the beginning of Manipal Hospital’s foray into allied healthcare delivery formats in partnership with established players in specified clinical areas.
Goa based Vedanta Limited, is going to acquire up to 5.33% stake in oil and gas exploration company Cairn India for over R2,200 Cr . It will acquire 100 Mn shares from Twin Star Mauritius Holdings on June 3, 2015 or within a period of 90 days at R220.40 per share.