New Delhi: Carnelian Asset Management has invested Rs 100 crore in Park Medi World , which operates a chain of hospitals under the Park brand, as part of a pre-IPO (initial public offering) round.

As part of the transaction, Ajit Gupta, one of promoters of the hospital chain , sold 61,72,840 equity shares, representing 1.6 per cent of the company's stake on October 18.

The shares were sold at Rs 162 per share for a total consideration of about Rs 100 crore, Park Medi World said in a public announcement.

The shares were purchased by Carnelian Bharat Amritkaal Fund, Carnelian Bharat Amritkaal Fund -2 and Carnelian Asset Management & Advisors Pvt Ltd through a secondary transfer.

In March this year, Park Medi World had filed its draft red herring prospectus (DRHP) for a proposed IPO

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