IDFC Project Equity has acquired a minority stake in Sahyadri Hospitals (SHL).
The deal was valued at around Rs 190 crore. SHL is a chain of 10 hospitals with more than 860 beds across four cities in Maharashtra – Pune, Nashik, Karad and Navi Mumbai. The investment from IDFC Project Equity will help Sahyadri add another 1,000 beds by 2017.