Morgan Stanley's (MS) assets investment wing is seeking to raise $500 million for a new India fund strategy and has approached investors on the plan, Bloomberg said Friday, citing unnamed people familiar with the matter.

Additionally, the firm is looking to shift a portfolio of India assets from an existing fund into a new vehicle, according to the report.

Morgan Stanley's plans to move eight healthcare-focused investments, which includes Omega Hospitals and RG Scientific Enterprises, into a so-called continuation vehicle, the people further said, Bloomberg reported.

Morgan Stanley did not immediately respond to MT Newswires' request for comment.

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