Mumbai, May 5 -- Asia Healthcare Holdings (AHH), backed by Singapore's sovereign wealth fund GIC, is set to acquire a majority stake in Dr Dangs Labs, a diagnostic chain operating in Delhi and Gurugram, according to two people aware of the development.

This marks the fourth acquisition by AHH, following previous deals with Motherhood Hospitals, the Asian Institute of Nephrology and Urology (AINU), and Nova IVF.

Details of the financial terms of the deal were not disclosed.

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AHH's earlier investment in AINU in 2023, valued at Rs.600 crore, involved both primary and secondary funding. AHH has also seen significant capital inflows, includin...