MAHINDRA GROUP ARM INVESTS ₹206 CRORE IN CENTRE FOR SIGHT
MUMBAI: Mahindra Partners, the private equity and corporate investment arm of the Mahindra Group, said on Wednesday that it has acquired a stake in New Delhi-based eye care chain Centre for Sight for ₹206.5 crore from early investor Matrix Partners, giving Matrix a complete exit. As part of the transaction, which includes a mix of primary and secondary shares, the promoter group led by founder Mahipal S Sachdev also invested ₹20 crore. The eye hospital chain said the fund infusion would help it expand its presence through organic and inorganic growth options. “Our association with Mahindra Partners will help us sustain the scorching pace of growth we have set out for ourselves,” said Sachdev, who is also the chairman and managing director of the company.