Reach us: 7304553123 / mktg@projectstoday.com
Help
1. Boolean Searches :

i. AND - Shows results where both terms on either side of the 'AND' operator are present. 'AND' must be in upper case. For example search term - delhi AND metro result - It will return records in which 'delhi' as well as 'metro' both are present.

ii. OR - Shows results where either term (or both terms) is present. 'OR' must be in upper case. For example search term - delhi OR metro result - It will return records in which either 'delhi' or 'metro' or both are present

2. Proximity Searches

A proximity search looks for terms that are within a specific distance from one another. For example, search term - 'delhi metro'~10 result - It will search for records where 'delhi' and 'metro' are found within 10 words of each other

3. Phrase searches

You can search phrases using double quotes. for e.g. 'delhi metro' result - It will return records where 'delhi metro' phrase is found.

Warburg Pincus to infuse Rs 1,500 cr in MedPlus

Monday, 21 Dec 2020
Share this on :
Warburg Pincus is in advanced talks to invest Rs 1,500 crore in MedPlus for a significant minority stake.

A mix of debt and equity will be used to pay off existing lenders such as Goldman Sachs and Edelweiss and also offer liquidity to smaller shareholders of the company.

In January 2018, MedPlus raised around USD 115 million in debt financing from Goldman Sachs to buy out its investors, including US-based Mount Kellett Capital Management, TVS Capital Funds and Ajay Piramal’s India Venture Advisors. The three investors together held 69 percent stake in MedPlus.

Later, PremjiInvest picked up a minority stake for around Rs 200 crore and did a follow-on investment of around Rs 100 crore.

PremjiInvest will continue to remain invested in the company with around 18 percent stake and may also participate in this round while Warburg Pincus will become the single largest shareholder.

The final documentation is underway and expected to get signed soon.

New Password
Confirm Password