Olympus Capital invests Rs 5 billion in DM Healthcare

Olympus Capital has announced that is has invested Rs 5 billion (about $98.7 million) for a significant minority stake in Indian healthcare firm, DM Healthcare Pvt Ltd.

The investment in DM Healthcare, which operates a network of medical centers, hospitals and pharmacies in the middle east as well as secondary and tertiary care hospitals in India, will be partly for the healthcare firm’s expansion plans in India, the fund said in a statement.

Olympus, which has invested about $1.5 billion so far across Asia, also bought a portion of shares held by private equity firm, India Value Fund in the company, it said.

Veda Corporate Advisors Pvt Ltd was the advisor to DM Healthcare on the transaction.