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Amazon, Flipkart in talks to buy stake in $1 bn diagnostic chain Metropolis

Metropolis runs more than 3,000 diagnostics centers as well as pathology laboratories in India and Africa

Ameera Shah, Promoter and Managing Director, Metropolis HealthcareAmeera Shah, Promoter and Managing Director, Metropolis Healthcare
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Ameera Shah, Promoter and Managing Director, Metropolis Healthcare

Saritha Rai | Bloomberg
Metropolis Healthcare Ltd., a diagnostics chain operating in India and Africa, is looking to raise more than $300 million and bring onboard a strategic partner by selling a significant minority stake, according to people familiar with the matter.

The company is in early discussions with several global strategic investors and other potential purchasers of the shares, said the people, asking not to be identified because the deliberations aren’t public. Metropolis, traded in Mumbai with a market value of $1.1 billion -- about half what it was at the start of the year -- tapped Barclays as an adviser, they said.

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First Published: May 20 2022 | 4:01 PM IST

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