Government of Singapore Investment Corporation (GIC), the sovereign wealth fund of Singapore, has invested $100 million (Rs. 500 crore) for a minority stake in Vasan Healthcare, which is in the business of providing outpatient driven dental and eye care health services.
The deal involved a primary and secondary investment by GIC into Vasan Healthcare. The secondary transaction involved purchase of securities by GIC from Sequoia Capital, the promoters of Vasan Healthcare and a few other key employees and doctors engaged by Vasan Healthcare...............................................Full Article: Source
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