India: Eye care provider ASG Hospitals raises Rs3.1 billion

Investment firms Foundation Holdings and Symphony International have invested Rs3.1bn (US$42.3m) to take a majority stake in ASG Eye Hospitals, a chain of super-speciality eye hospitals. Funds raised will be used for both organic and inorganic expansion across India. According to global analytics company Crisil, owing to the rising proportion of ageing population, high prevalence…

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