Walmart's Flipkart, Amazon eyeing stake in Indian diagnostics chain Metropolis - Bloomberg
India-based diagnostics provider Metropolis Healthcare is seeking to raise over $300M and bring in a strategic partner by selling a sizeable minority stake, Bloomberg News reported citing sources.
Walmart's (WMT) Flipkart and Apollo Hospitals Enterprise are among potential strategic investors which have inked non-disclosure agreements with Metropolis, which has a market value of ~1.1B. Meanwhile, Amazon (AMZN) had held initial talks too, said the report citing a person familiar with the matter.

The company also has agreements in place with private equity firm KKR (KKR), asset manager TPG (TPG), and Barings. Meanwhile, discussions are ongoing with Blackstone (BX), added the report.
The potential deal could include the sale of primary and secondary stock by existing investors, including the managing director, which could propel the transaction to over $300M, according to the report.
Metropolis owns a chain of diagnostic centers across India, South Asia, Africa and the Middle East, as per its website. In India it has over 3000 centers.