As part of the transaction, the promoters of the company have also put in additional Rs 20 crore, taking the total investment to Rs 226.5 crore.
The company also fits into Mahindra's larger healthcare strategy which is focused on delivery side with a bias towards single specialty, he added.
"This new investment aligns with the demographic catered to by our first healthcare investment, Medwell Ventures, which operates a home healthcare chain," Shah said.
"Our phase of consolidation is over and now we plan to expand our operations. We are aiming to open around 10-12 centres per year going ahead," he added.
The company will consolidate its position in the existing geographies and also plans to enter new regions like eastern and central parts of the country, Sachdev said.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)