LGT Lightstone Aspada invests $19m in India's Kauvery Hospital chain

Photo: Pixabay

Chennai-based Sri Kauvery Medical Care Pvt Ltd, which runs the Kauvery Hospital chain in Tamil Nadu, has raised about $19.4 million (Rs 140 crore) in equity funding from impact investor LGT Lightstone Aspada.

This is LGT Lightstone Aspada’s first investment after LGT announced last month that it has acquired the management organisation of Aspada and a significant majority position of its portfolio from Aspada’s sole shareholder, Soros Economic Development Fund (SEDF).

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