Vasan Eye Care IPO : Likely to come out in next year

by khalid on 28/11/2010 · 0 comments

The Initial Public Offer (IPO) of Vasan Eye Care Hospital is likely to come out next year. The Board of the Chennai based Vasan Eye Care Hospital has approved to come out with an initial public offering (IPO) to raise Rs 800-1,000 crore. The company proposes to issue up to — crore fresh equity shares of Rs 10 each at a price deciced through a 100% book building process. Besides, the company would also raise funds through internal accruals and partly by debt.

Vasan Eye Care Hospital is the first corporate chain of eye hospitals in India and one of the largest eye care service providers in the world. The hospital features the most modern technologies for eye care, maintaining international standards of quality with a philosophy of personalised care at affordable cost.

Vasan Eye Care Chairman Dr A M Arun plans to invest Rs 450 crore for various expansion plans over a period of next 18 months. The expansion plan include increasing the number of eye care centres from the present 75 to 125 over the next 18 months across the country.

Stay tuned to BelltheBull Blog for more on Vasan Eye Care IPO !

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