RELIGARE VENTURE CAPITAL IN JV WITH MILESTONE CAPITAL

Search News

RELIGARE Venture Capital, a wholly-owned subsidiary of Religare Enterprises Limited (REL), has announced a 50:50 joint venture (JV) with private equity firm Milestone Capital to manage a Rs 600 crore healthcare and education fund.

The investment management JV would manage one of Milestone’s existing fund – ‘India Build-Out Fund I’(IBF-I) with a focus on healthcare and education space. Religare along with its affiliates has committed to contribute Rs 60 crore to the fund which has an existing corpus of more than Rs 100 crore.

“Private equity has been an area of great interest to us and healthcare and education are two sectors which we believe are poised for balanced growth and we have the requisite domain expertise on healthcare which we intend to leverage for larger benefit of investors of the Fund,” said Religare CEO and MD Sunil Godhwani in a company statement.

This would be second partnership in the PE space for Religare. Last year in March, it had struck a deal with Vistaar, a SEBI-approved film fund to invest in films.

Find Lawyer / Law Firm

Rights of the Transgender Community in a Corporate Environment

When it comes to transgender rights, our country is still eons behind when we compare it with other nations like the US and Brazil who have tapped into into Pink/LGBTQIA tourism in particular which More

Legal Consultation - Consult over phone, chat or send questions

Helplinelaw can set up your session with quality and experienced lawyers to discuss and resolve your legal matters. You can avail consultation in form of sending questions, phone call or webchat discussion  More