News
NIIFL invests Rs 2,100 cr in Manipal Hospitals
The National Investment and Infrastructure Fund Limited (NIIFL) on April 1 announced an investment of Rs 2,100 crore in Manipal Hospitals, one of the largest multi-speciality healthcare providers in the country, through its Strategic Opportunities Fund (SOF).
The investment marks SOF’s first investment in the healthcare sector and will support Manipal Hospital’s journey of growth to become one of largest hospital chains in the country, said a press release.
The transaction has been signed by both parties and the closing of the transaction is subject to receipt of certain approvals, it added.
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