Category: Merger/Acquisition Region: Asia · India Company: Omniactive Health Technologies Ltd

IIFL AMC fund acquires minority stake in OmniActive Health Technologies

IIFL AMC fund acquires minority stake in OmniActive Health Technologies
Sanjaya Mariwala, Founder, MD and Executive Chairman of OmniActive, said, "I am pleased to welcome IIFL Asset Management Ltd as a shareholder in OmniActive and this transaction is a testament to the company's strong growth and reinforces the private equity fraternity's continued belief in the growth of the nutraceutical sector". Nutraceutical maker OmniActive Health Technologies on Tuesday said that IIFL Asset Management Limited (IIFL) has acquired a minority stake in the company. The financial terms of the transaction were not disclosed. The investment has been made through IIFL AMC

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