MUMBAI: Personal fairness fund ChrysCapital is investing as much as $100 million in New Delhi-based eyecare chain Centre For Sight (CFS) by a mixture of main and secondary transactions.
As a part of the deal, ChrysCapital – by 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 change submitting confirmed.The PE agency didn’t touch upon the specifics of the first and secondary deal worth however M&M mentioned 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 the deal. Based 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.
As a part of the deal, ChrysCapital – by 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 change submitting confirmed.The PE agency didn’t touch upon the specifics of the first and secondary deal worth however M&M mentioned 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 the deal. Based 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.
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