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Arcapita gets 60% more than expected on Indian investment

11 Apr 2011

(MENAFN) Arcapita chief executive officer, Atif Abdulmalik, said that the company sold its stake in MedPlus Health Services for an amount over sixty percent the company’s forecasts, reported Gulf Daily News.

Abdulmalik said that Arcapita, previously the largest investor in India-based MedPlus, sold its stake in the company to a consortium of private equity investors in a deal that estimated the company’s value at USD72 million.

The CEO did not disclose the value of the deal.

Abdulmalik added that the company, which is specialized in Islamic-based investments, would still look for more investment opportunities in India as the country is still full of opportunities in private equity, real estate and infrastructure.

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