Mumbai, Jan. 7 -- Kedaara Capital has emerged as the front-runner to acquire a majority stake in Tynor Orthotics, the Mohali-based manufacturer of fracture aids and body braces, three people familiar with the matter said.

"The transaction values the overall company at about Rs.3,500-4,000 crore with existing investor Lighthouse Funds and the promoters set to offload a total of about 60% of their holding," one of the people cited above said. A second person confirmed the details, adding that this will largely be a secondary transaction.

This assumes significance as fast-growing, consumer-facing healthcare companies are attracting strong investor interest, backed by rising insurance penetration, improving affordability and a widening pati...