Mumbai, May 29 -- Anderson Diagnostics and Labs, backed by Tata Capital Healthcare Fund, has initiated a process to raise about Rs.250 crore through a mix of primary and secondary transactions, according to two people familiar with the matter.

"The company has appointed Veda Corporate Advisors as an advisor to help with the fundraise. The deal has been launched and several funds have been sounded out," one of the people cited above said.

Tata Capital Healthcare Fund may also look to offload part of its stake in the company, the second person added.

The development comes nearly four years after Tata Capital acquired a minority stake in the Chennai-based company. At the time, Anderson had said the capital would be used to expand its proc...