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Singapore's GIC invests $100 million in Indian hospitals chain
March 14, 2012 / 11:13 AM / 6 years ago

Singapore's GIC invests $100 million in Indian hospitals chain

(Reuters) - Government of Singapore Investment Corp GIC.UL has invested $100 million for a minority stake in India’s Vasan Health Care Pvt. Ltd.

The investment will help Vasan expand its network that consists of 102 eye care hospitals and 14 dental treatment centers, the Indian company said on Wednesday.

GIC is Singapore’s main sovereign wealth fund and manages an estimated $300 billion in assets. It also has a stake in India’s Fortis Healthcare (FOHE.NS).

Reporting by Kaustubh Kulkarni in MUMBAI; Editing by Rajesh Pandathil

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