New Delhi, Dec. 5 -- Singapore's GIC is close to raising its stake in Asia Healthcare Holdings (AHH) ahead of a potential public listing of the healthcare platform in the next year or two, four people aware of the development said.

The Singapore sovereign fund will acquire an additional 15% stake in AHH from the platform's majority owner TPG, one of the four people cited above said on the condition of anonymity. Once the transaction is complete, GIC will emerge as the biggest shareholder of the platform.

AHH, which owns Motherhood Hospitals, Asian Institute of Nephrology and Urology and Nova IVF, is a healthcare platform majority-owned by global private equity firm TPG. Founded in 2017, AHH is led by Vishal Bali, Asia head of healthcare...