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Healthcare Global to raise Rs 50 cr via PE route

Healthcare Global Enterprises, the Bangalore-based cancer care provider, is close to raising $10 million (around Rs 50 crore) from Milestone Capital, a India-focussed private equity fund. Healthcare Global has so far raised close to Rs 150 crore by divesting just under 50 per cent through three rounds of funding from IDFC Private Equity, Premji Invest and Evolvence India Life Sciences Fund. The promoters led by chairman and CEO B S Ajai Kumar hold 32 per cent, while the rest is held by a few other individuals and corporates. [...]