Fidelity, Somerset back India's Cygnus Medicare
Fidelity Growth Partners and existing backer Somerset Indus CapitalFund have invested INR600 million ($9.7 million) in Cygnus Medicare, an Indian operator of specialty hospitals in Delhi and Haryana.
According to Live Mint, the deal will see Fidelity - which invested INR540 million - pick up a 28% stake in Cygnus Medicare, valuing the company at around INR1.9 billion. Somerset contributed INR60 million...
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