INSUBCONTINENT EXCLUSIVE:
Vijaya Diagnostic is one of the largest diagnostic chains in southern IndiaVijaya Diagnostic, the diagnostic chain backed by private equity
firm Kedaara Capital, has filed the draft red herring prospectus with the market regulator Sebi for its initial public offering (IPO)
Dr S Surendranath Reddy and investors Karakoram, and Kedaara Capital Alternative Investment Fund, according to its draft red herring
prospectus.The promoters will collectively dilute a 35 per cent stake in the diagnostic chain, with Kedaara alone diluting as much as 30 per
Kedaara Capital had picked up a stake of 40 per cent in Vijaya in 2016.Vijaya Diagnostic is one of the largest diagnostic chains in southern
India, offering pathology and radiology testing services across 13 cities and towns in Telangana, Andhra Pradesh, Kolkata and the National
Capital Region.Vijaya Diagnostic's listed peers include Dr Lal PathLabs, Thyrocare Technologies and Metropolis Healthcare.ICICI
Securities, Edelweiss Financial Services and Kotak Mahindra Capital are the investment bankers for the IPO.
