Private equity investors pump Rs. 300 crore more into Vasan Healthcare.

Vasan Healthcare, which operates eye care and dental hospitals across the nation, is raising $50 million (Rs. 300 crore) in fresh funds from its existing investors Government of Singapore Investment Corporation (GIC), Sequoia Capital and WestBridge Capital. This values the chain at over $600 million (Rs. 3,600 crore), people familiar with the development told TOI.

The fund-raise is being done through a rights issue - an issue of shares offered at a special price by a company to its existing shareholders - and will see Vasan's promoter A M Arun also participate, sources added.

TOI