IDFC Alternatives has signed an agreement to invest Rs 75 crore in eyecare chain ASG Hospitals. The investment will be pumped in through IDFC Alternatives' PE fund IV.
ASG runs 24 operating centres across nine states apart from a centre in Kampala, Uganda.
Sequoia India is an early investor in the company, having made a Series A investment in 2013.
This is the second investment from IDFC Private Equity Fund IV and the first investment from this fund in healthcare. IDFC Alternatives has over USD 3.6 billion assets under management and focuses on consumer products and services, financial services, and healthcare.
With this, IDFC PE has completed 43 investments since its inception and is a 100 per cent subsidiary of IDFC.
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FCB Ulka bags creative mandate for Tata Docomo
Mumbai: Advertising agency FCB Ulka has bagged the creative mandate for Tata Docomo business services under which it will service the enterprise business.
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Mumbai: Crude imports could propel the Indo-US bilateral trade to the long-trageted USD 500 billion by 2022, says an industry report.
After the Donald Trump administration allowed crude exports from the US soil for the first time in decades, state-run Indian Oil ordered 1.6 million barrels of US Mars crude and 400,000 barrels of Western Canadian Select last month.
With the prices of shale gas going south, crude and other petroleum products imports by India from the US will go up further in the coming years, says an Indo-American Chambers of Commerce report based on a survey amongst its members.
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