ChrysCapital makes $100 million eyecare bet | India News


MUMBAI: Private fairness fund ChrysCapital is investing as much as $100 million in New Delhi-based eyecare chain Centre For Sight (CFS) by means of a mixture of main and secondary transactions.
As a part of the deal, ChrysCapital – by means of its affiliate funds – will purchase your entire 30.8% stake held by Mahindra Holdings, a wholly-owned subsidiary of Mahindra & Mahindra, within the firm, an alternate submitting confirmed.The PE agency didn’t touch upon the specifics of the first and secondary deal worth however M&M stated in a submitting that the secondary transaction quantities to about Rs 425 crore.
ChrysCapital will purchase a major minority stake within the eyecare chain by means of the deal. Founded in 1996 by ophthalmic surgeon Dr Mahipal S Sachdev, CFS has 83 centres throughout 15 states and 39 cities together with Delhi, Rajasthan, Gujarat and Telangana as of March 2024. Organised branded chains like CFS are anticipated to realize market share from standalone clinics.

Nilesh Desai
Nilesh Desai
The Hindu Patrika is founded in 2016 by Mr. Nilesh Desai. This website is providing news and information mainly related to Hinduism. We appreciate if you send News, information or suggestion.


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