Rudrabhishek Infra Fund investing $5.9M to set up hospital in Lucknow, partners with Narayana Health
Delhi-based Rudrabhishek Infra Fund (RIF) is investing Rs 40 crore (around $5.9 million) to set up a mid-size hospital in Lucknow, the state capital of Uttar Pradesh, in a one-of-its-kind deal in healthcare involving a private equity fund, sources told VCCircle.
The investment will be through a special purpose vehicle (SPV) and the 300-bed multi-speciality, tertiary care hospital will be set up in partnership with Dr Devi Shetty promoted Narayana Health (NH) of Bangalore. NH, formerly known as Narayana Hrudayalaya, will not hold any equity stake in the venture but will invest in putting the equipment and run...
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