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Temasek, TPG Growth double down on Dr Agarwal’s Health Care

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Temasek, TPG Growth double down on Dr Agarwal’s Health Care

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Temasek, TPG Growth double down on Dr Agarwal's Health Care

Credit: 123RF.com

Dr Agarwal’s Health Care Ltd has raised $80 million (Rs 665 crore)from present private equity traders TPG Growth and Temasek, because the eyecare chain seeks to double its community of hospitals.

The firm plans to deploy the capital to develop its present community of over 150 centres to greater than 300 centres within the subsequent three years, the mum or dad of Mumbai-listed Dr Agarwal’s Eye Hospital Ltd mentioned in an announcement Thursday.

The fundraise comes a bit of greater than a yr after TPG Growth, the center market and development fairness platform of US-based TPG, and Singapore state funding agency Temasek invested Rs 1,050 crore (around $136 million) within the firm. That transaction was the most important non-public fairness deal within the eyecare house in India.

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