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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

India’s Vasan to raise $120-mln from sovereign wealth fund

Posted on 28 November 2011

Chennai-based eyecare and dental hospitals chain, Vasan Healthcare, is planning to raise around $120 million (approximately Rs 624 crore) from a sovereign wealth fund shortly to support the expansion of its clinics chain and its proposed foray into the eye wear business.

“The money will be raised from a single investor. We are likely to close the deal in a couple of weeks,” AM Arun, chairman of Vasan Healthcare. He said the fund-raising will be from one of the largest sovereign fund. He, however, declined to spell out the name of the investor………………………………………Full Article: Source


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