India-based cancer care firm buys into Sri Lanka’s Asiri Hospital

ECONOMYNEXT – Sri Lanka’s Asiri Hospitals group said India-based Cancer Treatment Services Hyderabad (Private) Limited has invested 212 million rupees in a joint venture.

The Indian firm was sold a 50 percent of Asiri AOI Cancer Centre (Pvt) Ltd, Asiri Surgical Hospital Plc, said in a stock exchange filing.

The company was set up in March 2017, and Asiri Surgical Hospitals will book a 185 million rupee capital gain on the deal.

Aisiri Surgical closed at flat at 10.30 rupees on Tuesday. (Colombo/Oct03/2017)