In a pre-IPO placement, Lotus Eye Care Hospital has sold 2.55 lakh equity shares of Rs 10 each to publishing house Bennet, Coleman & Company, at a price of Rs 50 each.
Lotus Eye Care Hospital proposes to enter the capital market with a public issue of Rs 42-crore to part finance its Rs 55-crore plan for expansion of existing facilities and establishment of new centers with latest technologies.
Located in Coimbatore, Salem and Tirupur, Lotus Eye Care Hospitals is one of the leading eye care hospitals in south India.
Lotus has been the pioneer in bringing latest world-class technologies into the country. Multi scan Lasik, Epilasik, Zyoptix Z100 are some of the technologies introduced by Lotus. Its hospitals are equipped with ultra-modern fourth- generation instruments, required for critical ophthalmic surgeries.
Keynote Corporate Services Ltd is the BRLM for the Issue.
Source: Economic Times