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Avigo Capital invests Rs 100 cr in Super Religare

Our Bureau Mumbai | Updated on April 18, 2011 Published on April 18, 2011




Avigo Capital Partners, a private equity fund, announced a share subscription of 9.27 per cent equity stake through its Mauritius investment arm, Avigo PE Investments Ltd (Mauritius), in Super Religare Laboratories Ltd (SRL) for an aggregate amount of Rs 100 crore at Rs 134.85 a share, based on the number of shares post issue (7,99,98,989, according to the DRHP).

This constitutes a pre-IPO placement; Super Religare's draft red herring prospectus with SEBI in February this year provides for a placement of up to 80 lakh shares, or 10 per cent of the post-issue paid up capital.

As on December 31, 2010, SRL had a network of eight reference laboratories, seven ‘Centres of Excellence', 181 network laboratories, 15 wellness centres and 888 collection centres.

Published on April 18, 2011
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