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Abu Dhabi's ADIA mulls investment in India's digital healthcare platform – ZAWYA

The state fund is eyeing $200-$300mln investment alongside General Atlantic and Canadian CPP Investments
Abu Dhabi Investment Authority (ADIA), one of the world's largest sovereign wealth funds, along with other investors are evaluating a $200-$300 million investment in India's API Holdings, the parent company of PharmEasy, the Indian daily Economic Times reported on Tuesday citing unnamed people.
The other investors are US-based equity investor General Atlantic and Canadian fund CPP Investments.
Along with the new investors, existing investors in API Holdings TPG Growth, Prosus Ventures and Temasek will invest about $70-$100 million in this latest round through a convertible instrument (CCPS) but the valuation and pricing will be set by the new investors, the report said.
Another Abu Dhabi state fund, ADQ, which mainly invests in the emirate's economy, already owns a minority stake PharmEasy by having invested $350 million in a pre-IPO round last year.
(Writing by Brinda Darasha; editing by Seban Scaria)
brinda.darasha@lseg.com
Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.  
© ZAWYA 2022
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Finance specialist with courses ranging from corporate finance, perfonal finance and startup finance. Msc. Acturail Science, Bsc. Finance, COP Insurance and phD. Business Advministration -FInance(ongoing)

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