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KEDAARA CAPITAL INCREASED ITS HOLDING TO 72% IN RELIGARE HEALTH INSURANCE

Home grown private equity firm, Kedaara Capital Fund II LLP, completed the investment of Rs.567.31 crore, including primary capital infusion and purchase of 6.39% stake, in Religare Health Insurance Co Ltd on 2nd June. The transaction comprises Rs.300 crore woth primary capital directly infused by Kedaara Capital into health insurer. The capital includes Rs.100 crore fresh capital , in addition to its initial commitment on 7th February of infusing Rs.200 crore in the insurer. Kedaara’s subsidiary, Trishikhar Venture LLP bought 6.39% stake in the insurer for Rs.267.31 crore, trimming Religare Enterprises’ shareholding in the company to 72.02%.


Sandip Ginodia , Director 
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