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Dropping baggage

Can IHH help SRL finally scratch its 10-year itch?

India’s largest diagnostics lab, and yet, a hand-me-down. Passed around from Ranbaxy to Religare to Fortis Healthcare, SRL Diagnostics is a paradox that has been tainted with the promoters’ reputation. And now, it’s ready for sale

07/05/19

Ruhi Kandhari

Fortis has decided to hire Kotak Mahindra Bank to find buyers and get a PE exit from SRL Diagnostics

Other large diagnostic chains like Thyrocare and Metropolis raised money in the public market

But SRL can’t go for an IPO as it has higher expenses and lower profits than its peers

And it has a bigger problem—it's being associated with its promoters’ tainted reputation

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There’s always that one kid on the playground waiting to be picked. The one kid who’s actually pretty good at most things, just not popular by association. That one kid in healthcare today is the largest (by number of labs) Indian diagnostics chain, Super Religare or SRL diagnostics. It’s getting ready for sale. But it…

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