Narayana Group company raises ₹1,150 crore from Barclays, Axis Finance and Singapore sovereign fund GIC
Silverline Investment and Finance (SIFPL), an investment vehicle of the Hyderabad-based Narayana Group that operates one of the largest chain of schools and colleges across India, raised ₹1,150 crore for five years at 12.95% on Thursday. Morgan Stanley Private Equity and Banyan Tree Capital, which invested in Narayana Group entity NSPIRA Management Services in mid-2018, were given the exit option. SIFPL will use the proceeds to invest in NSPIRA to acquire the stake of the two PE firms.
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