Specialist eye hospitals chain Vasan Healthcare is in discussions to offload a nearly 15% stake to the Government of Singapore Investment Corporation (GIC) for nearly $75-100 million, Economic Times reports. The company is currently in talks with four or five investors regarding the stake sale.
Vasan Healthcare expects to close the deal in eight weeks. The company also expects to use the funds from its latest round of fund raising to finance its expansion plans, including launching 20 new dental clinics.
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