Vedanta Group’s Agnivesh Agarwal has acquired 60 per cent stake in Chennai-based Primex Healthcare for an undisclosed amount..Vichar Partners advised Primex and the existing investor Kalpathi Investments with a team led by Partners Chitra Narayan and Aarthi Sivanandh along with Associate Vivek Sriram..Desai Diwanji advised Vedanta’s Agnivesh Agarwal with a team led by Delhi Partner Amit Khansaheb along with Senior Associate Rishi Jain and Associate Ramanuj Basu..The investment will provide Primex Healthcare access and capital strength for expansion of it’s network of healthcare centres..According to Dealcurry, Primex had raised Rs.5.1 crore from Kalpathi Investments in August 2010 by diluting 45 percent stake..Kalpathi and the promoter family of Primex Group will now hold 15 per cent each in Primex Healthcare..Primex Healthcare is led by former Microsoft executive Anand Mahadevan. The company operates diagnostic facilities across Tamil Nadu. It also has 50 centres offering various diagnostic services across Tamil Nadu under its another company Primex Scans and Labs and is aiming to expand presence to other Southern states..Agarwal, is the Chairman of Hindustan Zinc Limited, a group company of diversified natural resources firm Vedanta.
Vedanta Group’s Agnivesh Agarwal has acquired 60 per cent stake in Chennai-based Primex Healthcare for an undisclosed amount..Vichar Partners advised Primex and the existing investor Kalpathi Investments with a team led by Partners Chitra Narayan and Aarthi Sivanandh along with Associate Vivek Sriram..Desai Diwanji advised Vedanta’s Agnivesh Agarwal with a team led by Delhi Partner Amit Khansaheb along with Senior Associate Rishi Jain and Associate Ramanuj Basu..The investment will provide Primex Healthcare access and capital strength for expansion of it’s network of healthcare centres..According to Dealcurry, Primex had raised Rs.5.1 crore from Kalpathi Investments in August 2010 by diluting 45 percent stake..Kalpathi and the promoter family of Primex Group will now hold 15 per cent each in Primex Healthcare..Primex Healthcare is led by former Microsoft executive Anand Mahadevan. The company operates diagnostic facilities across Tamil Nadu. It also has 50 centres offering various diagnostic services across Tamil Nadu under its another company Primex Scans and Labs and is aiming to expand presence to other Southern states..Agarwal, is the Chairman of Hindustan Zinc Limited, a group company of diversified natural resources firm Vedanta.
