360 ONE Asset, a wholly-owned subsidiary of 360 ONE WAM, has announced the completion of a ₹170.60 crore investment in Paras Healthcare, a leading multi-speciality hospital network in North India.
The deal includes a combination of primary capital infusion to support future growth and a secondary component that facilitates a partial exit for an existing investor, according to the company's official statement.
Umesh Agrawal, Senior Fund Manager and Strategy Head – Financial Services & Industrials at 360 ONE Asset, commented, “We are excited to collaborate with Paras Healthcare in its mission to deliver affordable, high-quality healthcare to underserved communities. This investment also aligns with our market-leading pre-IPO strategy.”
Paras Healthcare currently operates over 2,000 beds across eight hospitals located in Tier 1 and Tier 2 cities throughout North India.