Tata Capital Healthcare Fund infuses $ 10 mn in Mumbai Oncocare Centre

MOC, a unit of Cellcure Cancer Center Pvt Ltd, plans to utilise the newly infused capital to expand across India in next 18 months, the company said in a statement

Tata Capital Healthcare Fund (TCHF) has infused $10 million into Mumbai Oncocare Centre (MOC), a chain of Cancer Daycare Centers.

MOC, a unit of Cellcure Cancer Center Pvt Ltd, is planning to utilise the newly-infused capital to expand across India in next 18 months, the company said in a statement.

It, however, did not disclose how much stake the private equity fund sponsored by Tata Capital Ltd will invest in the cancer care chain.

At present, MOC operates 16 state-of-the-art cancer treatment facilities in 10 cities of Maharashtra and Madhya Pradesh under the leadership of 19 medical