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Sovereign Wealth Funds Briefing - Categorized | Investment

GIC may buy 15pct in Vasan Healthcare for $100 mln

Posted on 22 June 2011

KP BalarajSpecialist eye hospitals chain Vasan Healthcare is in advanced talks to sell up to 15% stake to Singapore sovereign wealth fund GIC for around $75-100 million ( 337-450 crore), two people familiar with the negotiations said.
GIC is the frontrunner among 4-5 investors the Chennai-based company is negotiating with, the two persons said, although the Singapore fund declined to comment. Vasan, which runs the country’s largest chain of eye hospitals, said it was talking to 4-5 investors. “We expected to close the deal in eight weeks,” Chairman Dr C M Arun said……………………………………….Full Article: Source


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