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April 04, 2013

Deal Alert: Canbank VC invests Rs.20-Cr in Guwahati’s GNRC hospital

Bangalore-based Canbank Venture Capital Fund has invested nearly Rs.20 crore in GNRC Hospitals which is setting up an 300-bed hospital in North Guwahati. The total project cost is close to Rs.92 crore. The investment is being made from the Rs.500 crore Emerging India Growth Fund. Promoted by Dr Nomal Chandra Borah in 1985, GNRC specializes in neuro-related ailments. It has two tertiary care hospitals (GNRC – Dispur & GNRC Six Mile) with total capacity of 215 beds.

Source: Business Line

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