Local private equity firm Kedaara Capital may invest in Hyderabad-based diagnostics chain Vijaya Diagnostic Centre Pvt. Ltd, according to a report. The private equity firm may invest up to Rs. 350 crore (around $52 million) for a significant minority stake in the Vijaya Diagnostic Centre.
Vijaya Diagnostic, founded by Surender Reddy in 1981, has 14 centers in Hyderabad. It also has centers in many other major Indian cities including Kolkata, Chennai, Warangal, and Nizamabad.
Kedaara Capital Investments is a PE firm and was founded in 2011 by Manish Kejriwal, former India head of Singapore state investment fund Temasek. It typically invests $25-75 million in each firm, but it can invest a significantly larger amount of $200 million and above in select situations.