Bahrain-based Islamic investment firm Arcapita exited its Indian healthcare investment in MedPlus Health Services with returns of more than 60 percent over its own expectations, a company statement said on Sunday.
Arcapita sold its stake in the Indian company to a consortium of private equity investors after becoming the largest shareholder in MedPlus in 2007 in a transaction valuing the company at $72 million.
The statement did not give a figure for the sale amount. The private equity firm maintains a positive outlook on India for investment opportunities, it said. "Throughout India, we continue to see opportunities in each of our asset classes of private equity, real estate and infrastructure," Chief Executive Officer Atif Abdulmalik , said in the statement.
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