Carlyle-backed Pathology Firm Metropolis plans Fund Raise via IPO

Franchise India Bureau April 17 2018 - 2 min read
Carlyle-backed Pathology Firm Metropolis plans Fund Raise via  IPO
In 2015, the Shah family had bought back the entire 27% stake held by private equity major Warburg Pincus in Metropolis Healthcare for an undisclosed amount.

Pathology chain operator Metropolis Healthcare Ltd is eyeing to raise around Rs 1,500 crore ($230 million) through an initial share sale.

Ameera Shah, managing director and CEO of Metropolis Healthcare said the IPO will likely include a partial stake sale by the Shah family, besides fresh equity.

The proceeds from the stake sale by the founders will be used to repay the loan taken to buy out a private equity investor about three years ago, the report said, adding part of the fund raised through the IPO will also be used for acquisitions.

In 2015, the Shah family had bought back the entire 27% stake held by private equity major Warburg Pincus in Metropolis Healthcare for an undisclosed amount.

Entrepreneur Magazine

For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you

or Click here to Subscribe Online

Subscribe Newsletter
Submit your email address to receive the latest updates on news & host of opportunities