Healthcare-focused private equity firm Somerset Indus Capital Partners has secured a capital commitment from a domestic institutional investor for its third fund as a limited ..
GA will acquire about 51% stake held by existing investors - Eight Roads Ventures India, Evolvence India Fund and Somerset Indus Healthcare Fund. Besides the secondary transaction, GA will also acquire a small minority stake from the promoters along with a primary stake, sources said.
Krsnaa Diagnostics IPO to open on August 4; all you need to know businesstoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstoday.in Daily Mail and Mail on Sunday newspapers.
Krsnaa Diagnostics: It provides diagnostic services such as imaging and radiology services
Krsnaa Diagnostics Rs 1200 crore initial public offering (IPO) will open for bidding on August 4. The IPO, which will close on August 6, will consist of a fresh issue of shares worth Rs 400 crore and an offer for sale (OFS) of up to 94,16,377 shares by existing shareholders, including Phi Capital, Kitara, Somerset Indus Healthcare Fund I and Lotus Management Solutions. The shares of the Pune-based diagnostics chain are likely to be listed on the BSE and NSE on August 17.
A total of 75 per cent of the issue has been reserved for qualified institutional buyers (QIB), 15 per cent for non-institutional investors and 10 per cent for retail investors, the diagnostic services provider said in its red herring prospectus.