Leapfrog, IFC, and NIIF Consider Minority Stake in Marengo Asia Healthcare Valued at ₹400 Crore
Marengo Asia Healthcare Seeks to Raise ₹400-500 Crore
Mumbai: Marengo Asia Healthcare, a hospital platform backed by prominent investors, is in the process of raising ₹400-500 crore. The investment push is being led by LeapFrog Investments, International Finance Corporation (IFC), and National Investment and Infrastructure Fund (NIIF), which are evaluating a minority stake in the company.
The investors involved in the discussions include LeapFrog Investments, a global impact investment firm, and International Finance Corporation (IFC), a member of the World Bank Group. Additionally, National Investment and Infrastructure Fund (NIIF) is also considering a minority stake in the company. The investment is expected to be a significant boost for Marengo Asia Healthcare, which operates a network of hospitals across the country.
The discussions surrounding the investment are ongoing, with several key players involved. Marengo Asia Healthcare's existing backers, including Samara Capital and the family offices of the Havells and Godrej groups, are also participating in the talks. The hospital platform is seeking to expand its operations and improve its services, and the new investment is expected to play a crucial role in achieving these goals.
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Investor Takeaway
Investors may consider a minority stake in Marengo Asia Healthcare for potential long-term growth.
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