Abraaj, CDC back India’s Rainbow Hospitals
The Abraaj Group and CDC, the UK government’s development finance arm, have together committed $17.5 million to Rainbow Hospitals, a pediatric and maternity healthcare facility in the southern Indian state of Andhra Pradesh. The size of the stake was not disclosed.
This is CDC's first direct deal in India since launching a revised strategy last year under which its existing fund-of-funds approach was complemented by a return to direct investments. Established in...
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