Kotak Fund to Invest Rs 1,000 Crore in Neuberg Diagnostics

CHENNAI: In a significant move towards bolstering the healthcare sector, Kotak Pre-IPO Opportunities Fund is currently in advanced discussions with Neuberg Diagnostics, a leading diagnostics chain in India, for a substantial investment. The deal, estimated at around Rs 1,000 crore, aims to secure a minority equity stake of approximately 15% in Neuberg Diagnostics.

This strategic investment is poised to value Neuberg Diagnostics at an impressive Rs 6,000-7,000 crore. The infusion of funds is earmarked for Neuberg's inorganic expansion and technological advancements, signaling a new era of growth and innovation for the diagnostics chain.

While Neuberg Diagnostics' CMD G S K Velu has chosen not to comment on the ongoing negotiations, attempts to reach out to Kotak Pre-IPO Opportunities Fund's MD Srinivasan Subramanian for a statement have so far been unsuccessful. This development marks a pivotal moment in the healthcare industry, with potential implications for the future of diagnostic services in India.