Cupid makes additional $5 million investment in GII Healthcare platform
New Delhi, July 29 -- In a regulatory filing on Wednesday, Cupid announced an additional investment of $5 million in GII Healthcare Investment Limited, a healthcare-focused investment platform managed by GII. The latest investment follows Cupid's initial investment and underscores the management's conviction in the platform's long-term strategic value creation potential.
The company said the investment, funded entirely through internal accruals, reflects its continued confidence in GII's healthcare investment strategy and reinforces Cupid's commitment to a long-term strategic partnership.
Cupid added that the investment has been made at an attractive valuation, providing the company with an opportunity to further increase its participat...
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