Tag: IndiaRF

India Resurgence Fund (IndiaRF) has announced an investment of ₹525 crore in Ivy Health and Life Sciences Private Ltd, making it the majority shareholder in Ivy. An India-focused investment platform, IndiaRF is promoted by Piramal Enterprises and Bain Capital, and the transaction marks its first investment in healthcare and the first in regional hospitals. As part of the transaction, IndiaRF said it would acquire Ivy’s NABH-accredicted facilities at Mohali, Amritsar, Khanna, Hoshiarpur and Nawanshahr. The transaction also includes an infusion of growth capital to improve and expand the services offered by Ivy’s existing...