Uttar Pradesh-based Regency Hospitals Ltd, which counts investors such as the International Finance Corp. among its backers, is planning to raise fresh funding after a gap of over seven years, at least two people aware of the development told VCCircle.
The deal, if it fructifies, will be one of the latest ones in the healthcare services space, which has seen heightened investor activity over the past couple of years.
The hospital chain is considering raising ₹300-400 crore ($36.3-48.3 million), one of the individuals mentioned above said, asking not to be named.
Mid-market focussed investment bank o3 Capital is helping Regency scout for potential investors, the individual added.
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