New Delhi, March 31 -- A year after it acquired AGS Health from EQT in a billion-dollar transaction, global private equity firm Blackstone has hired bankers to plan a listing for the company at three times the buy value, three people with knowledge of the development said. The company, which is now being valued upwards of $3 billion, will look to raise around $500 million from the public market listing, these people added.

AGS, which provides a host of services, including medical billing, claim submission, denial management and medical coding, has appointed investment banks JM Financial, Jefferies, ICICI Securities, Nomura and JP Morgan India and others for the IPO.

"It will be a mix of primary plus secondary share sale," said one of th...