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Thursday, December 19, 2013

Carlyle Group invests in India's Global Health, (NASDAQ: CG)

Private equity firm Carlyle Group LP said it bought a minority stake in Indian hospital and healthcare provider Global Health Pvt Ltd. The investment included buying a significant equity stake held by an affiliate of Marc Lasry's hedge fund Avenue Capital Group, Carlyle said late on Thursday. The financial details of the deal were not disclosed.Global Health owns and operates a super-specialty hospital located in northern India and also does drug research and development.Including this deal, Carlyle said it has invested and committed about $1.1 billion in India as of Sept. 30, 2013.

Shares of CG fell by 0.96% or $-0.34/share to $34.90. In the past year, the shares have traded as low as $23.85 and as high as $37.89. On average, 499714 shares of CG exchange hands on a given day and today's volume is recorded at 785759.