360 ONE Asset invests ₹170.6 Cr in Paras Healthcare
Mumbai:
Asset management
firm
360 ONE Asset
, a wholly-owned subsidiary of 360 ONE WAM, has invested Rs 170.6 crore in the hospital chain-
Paras
Healthcare in north India.
The
transaction
includes both
primary
capital
infusion
and a secondary component, with a partial exit by an existing investor, according to the company.
Umesh Agrawal, Senior Fund Manager and Strategy Head - Financial Services and Industrials, 360 ONE Asset, said, 'This marks our seventh investment in the Indian healthcare services segment, reaffirming our strong conviction in the sector's long-term potential.'
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
35 minutes ago
- Time of India
Rs 67 crore plot allotted to KVIC for training centre in Ahmedabad cancelled
Ahmedabad: A prime piece of land on Sola-Science City Road, once earmarked for a training centre by the central govt's Khadi and Village Industries Commission (KVIC), is now back on the market. The Ahmedabad Municipal Corporation (AMC) had valued the 3,974 sq m plot at Rs 1.75 lakh per square metre, bringing the total to Rs 69.54 crore. However, KVIC failed to deposit this substantial amount within the stipulated timeframe, prompting the AMC to cancel the land allocation. This decision is set for final approval at the standing committee meeting on June 12. The journey to this cancellation began on Feb 22, 2024, when the standing committee initially approved the allocation of Final Plot Number 171, reserved for commercial use in Sola-Hebatpur's TP Scheme No. 41. Following this approval, the AMC's land disposal and price-fixing committee set the price. Despite an intimation letter sent to KVIC, the payment never materialized by the deadline, leading to the current situation. This is not an isolated incident for the AMC. Recently, on June 5, the corporation cancelled the allocation of a 6,495 sq m commercial plot in Gota's TP Scheme No. 32 to the Directorate General of Goods and Services Tax (Intelligent Zonal Unit, Ahmedabad). Approved on Jan 18 last year, this land was valued at Rs 1.61 lakh per sq m, totalling Rs 104.56 crore. The GST department, too, failed to deposit the amount for a year after receiving an intimation letter. Consequently, the allocation was cancelled in a standing committee meeting held on June 5. In a contrasting move, the AMC is set to recover a record-breaking Rs 209.58 crore from the National Highway Authority of India (NHAI). About a year ago, the AMC handed over 20,958 sq m of land from two service roads under different TP schemes to the NHAI. In Dec 2024, the land price and fixing committee fixed the price at Rs 1 lakh per sq m. The corporation's estate department will soon issue a demand letter to the NHAI for this significant sum, marking the first time such a large amount will be recovered for land from the authority. A proposal for this recovery will also be presented to the Standing Committee shortly.
Time of India
36 minutes ago
- Time of India
Upper Bhavani Project Has Minimum Impact on Environment- Expert Panel
Chennai: An expert committee of the Union ministry of environment, forest and climate change, after a field visit, observed that the proposed 1000MW Upper Bhavani Pumped Storage Project would have "minimum impact on environment". The project, undertaken by NTPC Tamil Nadu Energy Company Limited, aims to utilise existing reservoirs in The Nilgiris and received preliminary approval in April for an environmental impact assessment study and public hearing. The project is estimated to cost Rs 5,005.52 crore. The committee, led by chairman G J Chakrapani, conducted the site visit to assess the ecological, geological and environmental characteristics before considering environmental clearance. A report on the site visit indicated that the project area, from upper to lower intake, would have minimal impact on forest and environment due to majority of project components being underground. Geotechnical investigations are underway, involving drilling operations to evaluate rock mass characteristics and subsurface conditions. "The rock is favourable for tunnelling and underground work with minimal risk of instability," the report said. NTPC Tamil Nadu Energy Company Limited is a joint venture of NTPC Limited and Tangedco. The project utilises Upper Bhavani and Avalanche reservoirs, and there is no construction of new reservoirs. "This project may prove to be a model project that strikes a balance between development and environmental conservation due to its location in the ecological hotspot of The Nilgiris. Going by the selection and design of the project, this is going to have minimum impact on the environment," the committee said. The committee examined various parameters of the existing reservoirs and different water levels considered for the pumped storage project. The availability of abundant water during the monsoon season is expected to provide additional benefits. "The committee was apprised by the project proponent that the alignment was finalised avoiding the Shola Forest. These forests act as water towers of the region, and their protection was noted as a positive decision while planning the alignment," the report said. The location of the powerhouse was assessed, and EAC members expressed the view that the underground work would not affect the surface environment or create significant noise after the project's commissioning.
Time of India
36 minutes ago
- Time of India
Nashik Municipal Corporation to levy entry fees for four large gardens
Nashik: The civic administration is set to introduce entry fees for the four large gardens in the city to boost revenue and offset maintenance costs. The four gardens are Goda Park on the bank of Godavari river near Ramwadi, Somani Garden in the Nashik Road area, Pelican Park in the Cidco area and Late Balasaheb Thackeray Adventure Sports Park along Gangapur Road. "These parks are to be managed and operated by private agencies, which will also pay a royalty or some amount collected through the sale of entry tickets," an official said. The selected agency will be responsible for operating and managing the facilities, as well as organising and managing small events like cultural activities, fitness programmes and community gatherings. "This will contribute to both the vibrancy of the parks and the engagement of the community, ensuring the parks are active, run efficiently and enhance the overall user experience," the official said. Nashik Municipal Corporation (NMC) has already floated a bid for the deployment of the agency to operate and manage Goda Park. "The bids to operate and manage the other three gardens are to be floated shortly. The agencies deployed for the four gardens will also be tasked with overseeing bookings, providing customer service and handling all other operational aspects," another civic official said. "We have started a tender process to deploy a private agency to operate and manage Goda Park. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Dermatologist Says "Throw Away Your Regular Bedsheets Right Now, Here's Why" Miracle Sheets Learn More Undo We want to deploy an agency for the overall operation of the park, food court, sitting area, three types of fountains, children's play area, viewing deck, and access to the boating facility at Goda Park," the official said. The Goda Park project, developed on the bank of the Godavari River near Ramwadi, includes children's play areas, an amphitheatre, a fountain, an open gym, a rose garden and an open restaurant, among other features. A floating jetty was also developed for boat rides on the bank of Godavari river. The project was developed at Rs 17 crore. Nashik city houses 539 small and large gardens and 44 jogging tracks.
