manipal health

Manipal Health Secures Sebi Approval for Rs 8,000-Crore IPO, Plans Debt Repayment

Manipal Health Enterprises has received Sebi approval for its Rs 8,000-crore initial public offering. The IPO includes a fresh issue of up to Rs 8,000 crore and an offer for sale of 4.3 crore shares. Proceeds will primarily repay borrowings of its subsidiary Manipal Hospitals and acquire minority stake in Sahyadri Hospital.