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General Atlantic invests $130 million in Hyderabad's KIMS Hospitals

As part of the transaction, the firm has invested over $130 million in a combination of primary capital and secondary purchases to acquire a significant stake in the firm

Photo: Twitter (@generalatlantic)
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Photo: Twitter (@generalatlantic)

Dasarath Reddy
Krishna Institute of Medical Sciences (KIMS Hospitals), a healthcare group with a sizeable presence in Telangana and Andhra Pradesh, on Wednesday announced that it had received a strategic growth investment from global growth equity firm General Atlantic.

As part of the transaction, the firm has invested over $130 million in a combination of primary capital and secondary purchases to acquire a significant stake in the firm, its management said.

While a major chunk of this money goes to ICICI Ventures as it has sold its entire 30 per cent stake to General Atlantic while the promoters have sold a small percentage of

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First Published: Jun 27 2018 | 10:13 PM IST

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