General Atlantic: Pe Firm General Atlantic To Buy Majority Stake In Ujala Cygnus | India Business News

New Delhi: Private equity major General Atlantic is buying a “significant majority stake” in Ujala Cygnus, a healthcare provider in northern India with a network of 21 hospitals serving tier-2 and tier-3 cities.
The investment from General Atlantic underscores the strength and resonance of Ujala Cygnus’ mission-driven strategy to expand access to affordable healthcare in underserved regions, says a media statement.
Though financial details were not disclosed, the deal size is expected to be around Rs 1,200 crore. With this, the company’s early investors — Eight Roads Ventures, Somerset Indus Capital, and Evolvence Capital — made a full exit.
With the backing of General Atlantic and existing shareholder Amar Ujala, and under the leadership of directors — Probal Ghosal and Shuchin Bajaj — Ujala Cygnus aims to further amplify its reach in northern India. Ujala Cygnus plans to use the investment from General Atlantic to upgrade clinical and civil infrastructure across its network and to augment comprehensive care capabilities across key specialities in each of the markets it serves, the statement adds.

We also published the following articles recently

Virgin Atlantic launches flights from London to Bengaluru
Virgin Atlantic expanded services to India with new flights to Bengaluru and Mumbai. The increase in capacity and cargo operations, along with partnerships with Delta Air Lines and IndiGo, solidify the airline’s commitment to providing seamless travel options in the region.
With sharp border vigil, we’re always response-ready: General
India resolves Ladakh issue through talks, focusing on troop deployment and operational readiness. Army chief emphasizes contingency planning and talks addressing specific areas. Strong measures in place for Western border with Pakistan to counter infiltration attempts.

Leave a Comment

Your email address will not be published. Required fields are marked *