23.05.2014 - Singapore SWF invests further US$50 million into Indian healthcare group
GIC Private Limited, the Singaporean sovereign wealth fund (SWF) with US$100 billion in AUM, has jointly invested an additional $50 million into India’s Vasan Healthcare Group, alongside venture capital firms Sequoia Capital and WestBridge Capital. The second round of investment from GIC comes two years after the SWF bought a $100 million stake in the Chennai-based medical service provider, which specialises in ophthalmology and dentistry. Sequoia and Westbridge have previously invested $50 million into Vasan across three separate rounds of fundraising. Together, the three investors own 45% of the company, with the remaining shareholding held by chairman and managing director A M Arun.............................................Full Article: Source
Print