Temasek holding invests in HealthCare Global Enterprises

Manjiri Damle / TNN / Mar 12, 2013, 16:33 IST

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HealthCare Global Enterprises Limited, (HCG), the specialist in cancer care, has announced that Temasek Holdings, a Singapore based investment company, has become a shareholder in the company.

Temasek holding invests in HealthCare Global Enterprises

PUNE: HealthCare Global Enterprises Limited, (HCG), the specialist in cancer care, has announced that Temasek Holdings, a Singapore based investment company, has become a shareholder in the company.
Temasek joins existing investors, Premji Invest, an investment entity owned by Azim Premji, and Milestone Religare in a primary equity issuance by the company, a statement by HCG said.Evolvence India Life Sciences Fund, which has been an investor in HCG since 2007, will be exiting their investment to Temasek in the company.
"Temasek's global perspective and long term interest in healthcare makes them a valuable partner. We have included Jennifer Lee to our board", said B S Ajaikumar, chairman and chief executive officer of HCG.
HCG, headquartered in Bangalore, has over 26 centers and is reportedly Asia's largest cancer care network. The company has worked for the future of cancer care in India by designing, building and managing cancer care centers.

About the Author

Manjiri Damle

Manjiri Damle is metro editor at The Times of India, Pune. She holds a PG degree in Journalism and Mass Communication from the University of Pune, and covers news on power supply and the sugar industry. Her hobbies include reading, listening to classical music, sports, sketching and painting and writing. Manjiri has also translated in Marathi the autobiographies of Lord Swaraj Paul (Beyond Boundaries), supercop J F Ribeiro (Bullet for bullet) and Sohrab Godrej (Abundant living, restless striving).

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