India: Carlyle threatens legal action against healthcare entrepreneur G.S.K. Velu

India: Carlyle threatens legal action against healthcare entrepreneur G.S.K. Velu

A file photo of GSK Velu, who sold his 37% stake in Metropolis Healthcare to Carlyle Group two years ago. Photo: Hemant Mishra/Mint

Private equity firm Carlyle Group has threatened to take G.S.K. Velu to court over violation of a non-compete agreement the co-founder of Metropolis Healthcare signed with it two years ago when it bought his 37% stake in the company.

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