Park Medi World raises ₹100 cr from Carnelian in pre-IPO round

Carnelian Asset Management has invested Rs 100 crore in Park Medi World, which operates a chain of hospitals under the Park brand, as part of a pre-IPO (initial public offering) round.

- PTI

As part of the transaction, Ajit Gupta, one of promoters of the hospital chain, sold 61,72,840 equity shares, representing 1.6 per cent of the company's stake on October 18.

The shares were sold at Rs 162 per share for a total consideration of about Rs 100

crore, Park Medi World said in a public announcement.