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Vasan Health Care to go for IPO

 [IST]
Kozhikode, Sep 30 (UNI) Healthcare major Vasan Group of Companies would raise Rs 350 crore through Initial Public Offering (IPO) by December 2007 to support its ambitious expansion programme.

Talking to reporters here, Wasan Health Care Founder-Chairman A M Arun said the company was poised to achieve a turnover of Rs 250 crore through its expansion plans in pharmacy retail and eyecare sector.

The details of the IPO would be worked in consultation with concered groups, including lead managers.

The group proposed to start operations at Chennai, Madurai, Vellore, Kanchipuram in Tamil Nadu, Thiruvananthapuram and Kottayam in Kerala and Bangalore, Mysore and Mangalore in Karnataka by March 2007.It already had presence in Kochi, Kozhikode, Kannur, Tiruchi, Salem and Erode.

It operated a chain of retail pharmacies, multi-speciality hospital and diagnostic centres and managed joint venture hospitals under the brand name of Dr Agarwal Vasans Eye Hospital at Tiruchirapalli, Salem and Kozhikode.

He said the three joint venture hospitals would be branded as Vasan Eye Care Hospitals from October two, 2006.

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Other articles published on September 30, 2006

Precious metals decline on thin buying support

Saturday, September 30, 2006,15:34 [IST]
Mumbai, Sep 30 (UNI) Precious metals declined further on thin buying support in the closing session, traders at the Bombay Bullion Association said today. Following were the closing rates of spot silver and gold: Silver (per kg) .999 fineness grade: Rs 18,490 (18,595) Gold (per 10 gm): Gold 99.5 purity standard mint : Rs 9,010 (9,030) Gold 99.9 purity pure gold.....
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Sugar prices rise on fresh demand

Saturday, September 30, 2006,15:34 [IST]
Mumbai, Sep 30 (UNI) Spot sugar prices rose on fresh demand, traders at the Bombay Sugar Merchants' Association said today. Sugar of small and medium grades went up by Re one and Rs four per quintal respectively on lesser stocks supply. Sugar of ex-mill in small grade hiked by Rs ten per quintal on increase in fresh demand. But medium grade fell by Rs two per quintal on thin buying support. Following were the spot.....
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Lupin shelves plan to acquire 51 pc equity in Belgium firm

Saturday, September 30, 2006,15:34 [IST]
Mumbai, Sep 30 (UNI) Pharma major Lupin has decided to drop its plans of acquiring 51 per cent equity in Artifex Finance CVA of Belgium -- along with its subsidiaries, including Dafra Pharma. A Lupin release here today said it had in May this year had signed a Memorandum of Understanding (MoU) to acquire 51 per cent equity. Based on subsequent discussions, both the parties have now mutually agreed not to pursue the.....
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Protest meeting held against LKB-CBoP merger

Saturday, September 30, 2006,15:34 [IST]
Kochi, Sept 30: Expressing concern over the proposed merger of Lord Krishna Bank (LKB) with Centurion Bank of Punjab (CBoP), parliamentarian Dr Sebastin Paul today demanded a 'concrete intervention' from the Centre to stall the merger as it was detrimental to the banking interests of Kerala.Inaugurating a protest meeting of the United Forum of Bank Unions near the venue of the LKB annual general meeting (AGM) here, Mr Paul said the merger would adversely affect the interests of the.....
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3 die during treatment by quack

Saturday, September 30, 2006,15:34 [IST]
Chhatarpur (MP), Sep 30: Three people died and another was in serious condition after they were given certain injection by a quack at a village in Chhatarpur district.Police said four people, suffering from a fever and stomach pain, approached Rajendra Khare for treatment at Gugwara village near Buxwaha in this district on Thursday. They were given two injections each following which their condition worsened.The four were taken to Jabalpur medical college hospital, Kalla Khangar (35) died on.....
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