ChrysCapital to acquire a minority stake in Centre for Sight from Mahindra & Mahindra for $100m.

ChrysCapital, a private equity fund, agreed to acquire a minority stake in Centre for Sight, an eye care chain, from Mahindra & Mahindra, an automobile manufacturing company, for $100m. “The healthcare sector in India is key area focus for ChrysCapital given the significantly underserved market and the potential for share gain for organised players. ChrysCapital is very excited to partner with Centre For Sight, which has exhibited robust growth while maintaining strong profitability. We look forward to working with the team and strengthen CFS’s position as one of the leading healthcare delivery platforms in India,” Raghav Ramdev, ChrysCapital Managing Director.