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PremjiInvest invests $20 mln in HealthCare Global

by www.indiape.com on Mon 05 May 2008 06:24 PM IST | Permanent Link | Cosmos

HealthCare Global Enterprises Ltd said on Monday PremjiInvest, a fund sponsored by Wipro's Azim Premji, has invested $20 million in the company.

Healthcare Global manages a network of 10 cancer care centres across India.

"The investment would enable us (to) ramp up fast across various geographies besides enhancing our core research initiatives and bring cutting-edge technologies," HealthCare Global's Chairman and CEO Ajai Kumar said in a statement.

PremjiInvest's chief investment officer, Prakash Parthasarathy and Bobby Mustafa have been inducted into the board of HealthCare Global, the company added. (Reuters)

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