The Government of Singapore Investment Corporation (GIC) will put $100 million in hospital chain Vasan Healthcare, Financial Chronicle reports. The Indian company is seeking to raise a total $150 million through pre-IPO placement to fund its growth plans until March 2012.
The company is also in discussions with a few other private equity firms, including Warburg Pincus, for the remaining funds. The company received early-stage funding of $50 million from Sequoia Capital India.
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