NEW DELHI, March 20 India's CitiusTech said on
Thursday U.S.-based buyout firm General Atlantic LLC has agreed
to invest in the healthcare technology services and solutions
provider to help it expand business globally.
While the company did not disclose the financial detail, a
source with direct knowledge of the transaction told Reuters
General Atlantic would buy a 26 percent stake in CitiusTech for
about $120 million.
The partnership will enable CitiusTech to scale its business
and leverage General Atlantic's global presence and expertise in
the technology and healthcare marketplaces, Rizwan Koita, CEO of
the company, said in the statement.
(Reporting by Aditi Shah and Indulal PM in Mumbai; Editing by