MUMBAI: Homegrown private equity firm, Kedaara Capital Fund II LLP, completed the investment of Rs567.31 crore, including primary capital infusion and purchase of 6.39% stake, in Religare Health Insurance Co Ltd on 2 June, the insurer's parent Religare Enterprises Ltd said in a stock exchange filing on Wednesday. "The capital infusion will help us to continue our investments in making Religare Health Insurance a future-enabled organisation, committed to ensure the best customer experience.
It is a matter of pride that Religare has attracted a marquee investor even in such tough economic times," said Rashmi Saluja, executive chairperson, Religare Enterprises, and non-executive chairperson of Religare Health Insurance.