Kauvery Hospitals receives USD 70 million investment from private equity fund managed by IIFL AMC for a minority stake
Chennai (Tamil Nadu) [India], March 9 (ANI/NewsVoir): Sri Kauvery Medical Care (India) Limited ("Kauvery Hospitals"), has successfully raised equity funding of USD 70 mn from private equity fund managed by IIFL Asset Management Limited ("IIFL AMC") for a minority stake. Kauvery Hospitals, one of the leading hospital chains in South India, spearheaded by Dr S Chandrakumar and Dr S Manivannan, has built a strong foothold in its focus markets of Tamil Nadu and Karnataka over two decades and has emerged as one the leading hospital chains in South India. Established in 1999 as a...