NEW DELHI: Malaysian private equity firm Creador has acquired a minority stake in Paras Healthcare through affiliate Commelina for Rs 275 crore, officials from both companies confirmed.According to persons close to the development, Creador has picked up approximately 22% stake in Paras. Dharminder Nagar , managing director, Paras, said the group intends to use the funds raised to expand its presence to Uttar Pradesh, Jharkhand, Madhya Pradesh and Rajasthan and is evaluating five projects. "There is an affordability gap even in metropolitan cities. "Aspirationally, there is an interest (in such investments), but there are some challenges. It will also acquire and remodel a hospital in Jharkhand through brownfield investments, said Nagar.

Source: Economic Times July 16, 2017 18:58 UTC