India: IIFL AMC fund invests $10m in eye care chain Infigo Lifesciences

India: IIFL AMC fund invests $10m in eye care chain Infigo Lifesciences

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IIFL India Private Equity Fund, a private equity fund managed by IIFL Asset Management Ltd (IIFL AMC), has bought a majority stake in eye care hospital chain Infigo Lifesciences for ₹70 crore (approximately $10.14 million)

The fund plans to make the investment in several tranches based on the company attaining predetermined business milestones of setting up over 20 eye care hospitals.

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