Try GOLD - Free
KKR to acquire control of HCG for $400 mn
Mint Chennai
|February 24, 2025
KR said it has agreed to acquire a controlling stake in cancer treatment chain HealthCare Global Enterprises Ltd (HCG) from fellow private equity firm CVC for ₹445 per share, amounting to around $400 million.
KKR replaces CVC as the largest shareholder in HCG and assumes sole control of its operations, the company said. Dr BS Ajaikumar, founder and chairperson of the chain, will take on the role of non-executive chairman and focus on driving clinical, academic and research.
KKR will first acquire 51% stake and launch an open offer for 26%, according to Securities and Exchange Board (Sebi) regulations. If it does not secure a minimum of 3% through the open offer, it will acquire this stake from CVC, a person familiar with the deal said.
This story is from the February 24, 2025 edition of Mint Chennai.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Chennai
Mint Chennai
They also want to manufacture steel
industrial clusters.
2 mins
November 10, 2025
Mint Chennai
Centre seeks fix for realty pain; Swamih fund may be tapped
Committee to examine including bankrupt realty projects within the scope of an existing scheme from 2019
3 mins
November 10, 2025
Mint Chennai
How the US Fed helped create America’s K-shaped economy
This divergence is both a feature and bug of tight monetary policy
3 mins
November 10, 2025
Mint Chennai
This unlikely duo is developing a weight-loss pill. Big Pharma is obsessed.
The Metsera founders had Pfizer and Novo Nordisk vying for their company-the second time striking deal gold
5 mins
November 10, 2025
Mint Chennai
Telcos call for base price cut as spectrum auction nears
Bharti Airtel Ltd, Reliance Jio Infocomm Ltd and Vodafone Idea Ltd have called for sharply lowering the base price for the next spectrum auctions and extending the spectrum usage period to as long as 40 years.
1 min
November 10, 2025
Mint Chennai
‘Oversupply has helped cap valuations in the secondary market’
Supply in the market is a concern, said Hari Shyamsunder, vice president and senior Institutional portfolio manager, India Equities, Templeton Global Investments, Franklin Templeton.
4 mins
November 10, 2025
Mint Chennai
Plunge in Asia’s AI shares sows doubts over rally
The region's sharpest decline since April has been triggered by a tech-led selloff on Wall Street.
2 mins
November 10, 2025
Mint Chennai
Rural job demand plunges as monsoon boosts farm work
Demand for work under the Mahatma Gandhi National Rural Employment Guarantee Act, or MGNREGA, has dropped sharply since June, with official data showing that the number of people seeking employment under the rural jobs scheme fell nearly two-thirds between June and October.
1 mins
November 10, 2025
Mint Chennai
TVS gearing up for bigger Europe ride
Automotive firm TVS Motor Co. Ltd is looking to enter more markets in Europe, including Spain and Portugal, as part of its global footprint expansion, according to its chairman Sudarshan Venu.
1 min
November 10, 2025
Mint Chennai
Indusind CEO Anand charts 3-year turnaround strategy
He aims to rebuild trust among investors, promising higher compliance and transparency
2 mins
November 10, 2025
Listen
Translate
Change font size