PE firm General Atlantic to pare its stake in India's KIMS via IPO

New York-based private equity firm General Atlantic aims to pare its stake in Krishna Institute of Medical Sciences Ltd (KIMS) through an initial public offering (IPO), said three people aware of the development on condition of anonymity.

The hospital chain aims to raise 700-800 crore through the IPO, which includes the stake sale by General Atlantic and a fresh issue of shares to raise growth capital, said one of the three people cited above. General Atlantic had invested $130 million in 2018 in KIMS.

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