NIIF invests Rs 2,100 cr in Manipal Hospitals, its first in health space

Manipal Hospitals had signed a deal to acquire India biz of Columbia Asia Hospitals last year.

National Investment and Infrastructure Fund (NIIFL) has announced an investment of Rs 2,100 crore in multi-speciality healthcare providers Manipal Hospitals, through Strategic Opportunities Fund (SOF), the direct private equity fund of NIIF. Business Standard had on Wednesday reported that the two parties are in final stage talks to close the fund raise.

This investment marks SOF’s first investment in the Indian healthcare sector and will support Manipal Hospital’s journey of growth, said NIIF. The transaction is subject to receipt of certain approvals.

SOF focuses on sectors which are closely linked to India’s growth and benefit from the country’s demographics, consumption,