Vasan Health to raise $ 150 million – Vasan Special Health Care said Monday it expects to raise about U.S. $ 150 million (About Rs 660 crore) from private equity firms and sovereign wealth funds to finance its expansion, which will see the addition of 45 new 10 eye hospitals and dental this year. Although the company pumping in about Rs 400 crore of new eye hospitals, invest Rs 150 crore in new dental hospitals. The company has 80 eye hospitals and 15 dental hospitals across India. (Economic Times).
In a total investment of Rs 1400 million rupees in 2015, the joint venture will invest Rs 700 million rupees, while Warburg Pincus has put another Rs 700 crore separately. The company has formed a 51:49 joint venture – Oceanus Real Estate SA de CV – with Warburg Pincus for housing projects. Warburg Pincus to invest R 700CR in joint venture with Lemon Tree – Lemon Tree Hotel Hospitality Company is foraying in real estate with the intention to invest over Rs 1,400 crore to launch housing projects in India in collaboration with the company Warburg Pincus American investment. (Economic Times).
NEA, which manages global assets of more than $ 11 million, has committed $ 200 million for the Indian market. Chovatia is a senior manager with Kotak Private Equity Group. Kotak PE of Vamesh Chovatia join NEA – USA venture capital fund New Enterprise Associates (NEA) is a string Vamesh Chovatia industry veteran, as its new MD for India to improve its performance. (Economic Times).
ASK Realty invests 50Cr R Madrid in the draft – ASK Property – Special Occasion Portfolio 1 has the company invested R 50 million rupees worth driven by Chennai-based group of real estate development. Residential Real value of the project the group is 675,000 meters squared of 4.32 hectares, is Kottivakaam in Chennai. (Business Standard). During the past 16 years, the value of real estate has developed and delivered over 2.5 million sft of construction projects.
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