Express Pharma

IIFL AMC acquires stake in OmniActive Health Technologies

The financial terms of the transaction were not disclosed

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OmniActive Health Technologies yesterday announced that IIFL Asset Management (IIFL AMC), among the leaders in alternatives, has acquired a minority stake in the company. The financial terms of the transaction were not disclosed, the companies notified via a joint statement.

The investment has been made through IIFL AMC’s Special Opportunities Fund series, it further said.

Investec acted as a sole sell side financial adviser to the transaction, added the statement.

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