US private equity firm General Atlantic acquires majority stake in Indian healthcare group Ujala Cygnus, which operates 21 hospitals.
US private equity firm General Atlantic acquires majority stake in Indian healthcare group Ujala Cygnus, which operates 21 hospitals in Tier-II and Tier-III cities. Early investors Eight Roads Ventures, Somerset Indus Capital, and Evolvence Capital exit. General Atlantic and existing shareholder Amar Ujala plan to expand Ujala Cygnus' network, upgrading infrastructure and pursuing organic and inorganic growth strategies.
April 03, 2024
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