Manipal Hospitals' ₹9,275 crore IPO to strengthen balance sheet for growth
· livemint.com
Manipal Health Enterprises will use most of its ₹9,275 crore IPO proceeds to cut debt, giving India's largest hospital chain by bed capacity room to raise capital for future acquisitions and expansion. The Temasek-backed company opens its IPO on 29 July with a price band of ₹560-590 per share.
India’s largest hospital chain is eyeing a cleaner balance sheet to fuel its expansion plans after a public listing. Manipal Health Enterprises Ltd plans to u...